EchoStar CORP (ECHO) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that EchoStar CORP surfaced in its latest filing.

• On June 30, 2026, DISH DBS Corporation and certain subsidiaries, including DISH Wireless L.L.C., commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas.June 30, 2026
• The cases pursue confirmation of a joint prepackaged plan of reorganization that restructures certain liabilities of DISH DBS and DISH Wireless.
• The plan implements a Restructuring Support Agreement entered into on March 19, 2026 with creditors holding more than 88% of DISH DBS’s secured and unsecured notes.March 19, 2026
• Confirmation, emergence timing, and consummation are subject to Bankruptcy Court approval and satisfaction of applicable conditions.
• EchoStar Corporation is not a debtor, and certain subsidiaries and operating brands are not included in the proceedings.
• Prepackaged Chapter 11 Cases are intended to decommission the facilities-based 5G network.
• Creditors' claims may adversely affect the ability to preserve, transfer, monetize, or realize value from assets held by debtor subsidiaries.
• Use of property of the Subsidiary Filers outside the ordinary course of business requires Bankruptcy Court approval.
• The Prepackaged Chapter 11 Cases may disrupt relationships with vendors, customers, regulators, and other counterparties.
• The Prepackaged Chapter 11 Cases may reduce vendor confidence and contribute to customer churn across DISH TV and Sling TV.
• Consummation of the Prepackaged Chapter 11 Plan will require devotion of management attention.
• Expenses related to the Prepackaged Chapter 11 Cases could be higher than anticipated.
• Deconsolidated the Deconsolidated Subsidiaries effective June 30, 2026 following the Prepackaged Chapter 11 Cases.June 30, 2026
• The Deconsolidated Subsidiaries constitute the Pay-TV business and substantially all of the expenses for the Other segment.
• Beginning with the third quarter of 2026, their operating results will no longer be included in consolidated results of operations.