Um, when's it, uh, when's it appropriate to think about a StaRUG? Uh, what can you accomplish with it? Uh, and why are we seeing more of these procedures?

So I think, uh, uh, StaRUG is a tool for, uh, balance sheets and, uh, cap table, uh, restructurings.

Um, it's not for, uh, for fixing a broken P&L or to do workforce restructuring.

Um, it's mostly, uh, built for, for restructuring debt and for cramming down shareholders who are out of the money.

So, uh, in StaRUG, you can bind dissenting creditors in a class with a seventy-fi-five percent, uh, majority by value.

Um, and, um, uh, you get a real cross-class cram down, including of equity So, um, you can also, uh, um, restructure, uh, the cap table very good with, uh, StaRUG proceedings.

Um, and, uh, StaRUG is always done without opening formal insolvency proceedings.

Um, what, what, what are they doing in, in Germany? Uh, uh, are you seeing a lot of interest, uh, of funds positioning themselves?