It was reported by Ars Technica overnight that former Blink-182 vocalist Tom DeLonge's UFO exploration organisation To The Stars Academy was trading at a $37.4 million USD loss.
The original story originally posted claimed that the To The Stars Academy was liquidating stock in order to stay afloat for the next 12 months. The story has since been updated with an important change of wording, that the $37.4 million is not a debt, but rather a trading deficit, accompanied by the following statement "The original story mischaracterized To the Stars' deficit as debt. This story has been changed to reflect a more accurate picture of the company's finances."
Tom DeLonge made his own statement on social media regarding the allegations of the debt and deficit, but this has since been deleted.