Industry Overview - The U.S. craft beer industry is experiencing a decline, with closures outpacing openings, leading to a 1% decrease in the number of craft breweries from June 2024 to June 2025, dropping from 9,352 to 9,269 [2] - Smaller distribution-focused microbreweries faced the largest decline at -3%, while taprooms saw a -1% drop, and brewpubs and regional breweries remained unchanged year-over-year [2] - Craft beer volume decreased by 4.1% in the first half of 2025, slightly better than the overall beer market's decline of 4.2% [3] Company Specifics - 4 By 4 Brewing filed for Chapter 11 bankruptcy on January 15, 2026, in the U.S. Bankruptcy Court for the Western District of Missouri [7] - The company intends to restructure while remaining operational, with plans to keep its store and taproom in Springfield, Missouri, open and continue hosting scheduled events [5][6] - 4 By 4 Brewing is seeking approximately $250,000 in post-petition financing to sustain operations during the bankruptcy process and has filed a motion to use cash collateral secured by loans to support its restructuring efforts [8]