bankruptcy
Fisker has a willing buyer for its remaining inventory of all-electric Ocean SUVs, and has asked the Delaware Bankruptcy Court judge overseeing its Chapter 11 case to approve the sale.…
Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets…
Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week.…
Fisker failed because it wasn’t ready to be a car company
Two years ago, an employee at Fisker Inc. told me that the most pressing concern inside the EV startup was not whether its Ocean SUV would get built. Fisker was…
Fisker Group Inc., the EV startup founded by famed designer Henrik Fisker, filed for Chapter 11 bankruptcy protection — a capstone to months of problems with its Ocean SUV that included…
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They thought they were joining an accelerator — instead they lost their startups
Lacey Hunter thought all was well as she put her startup through the three-month Newchip accelerator. Then the organization filed for bankruptcy in May 2023. Things went from bad to worse later that year when she discovered warrants of her company — rights to buy an ownership stake — had…
Lordstown Motors comes out of bankruptcy with a new name to fight Foxconn
Lordstown Motors has emerged from bankruptcy with a new name and a nearly singular focus: continuing its lawsuit against iPhone-maker Foxconn for allegedly “destroying the business of an American startup.”…
Thrasio, once king of e-commerce aggregation, files for Chapter 11
Thrasio, the U.S. startup that raised billions of dollars and popularized the concept of e-commerce aggregation — buying up and restructuring dozens of smaller brands and third parties selling on…
Cake sought deals with Harley-Davidson, automakers before bankruptcy
Electric motorcycle company Cake held talks with Harley-Davidson and other automakers in 2023 as it fought to stay alive, founder and CEO Stefan Ytterborn told TechCrunch in an interview Tuesday.…
Boutique e-motorcycle startup Cake files for bankruptcy
Electric motorcycle startup Cake filed for bankruptcy February 1, CEO Stefan Ytterborn has confirmed to TechCrunch. The Swedish company was in the middle of a funding round, just prior to…
Bird has filed for Chapter 11 bankruptcy, capping off a turbulent year for the electric scooter company. In a press release today, Bird confirmed that it had entered into a…
WeWork reportedly on the verge of filing for bankruptcy, stock plummets
WeWork is on the verge of filing for Chapter 11 bankruptcy in New Jersey, according to sources cited by The Wall Street Journal. If WeWork does indeed file, it shouldn’t…
NY attorney general sues Gemini, Genesis and DCG for allegedly defrauding crypto investors of over $1B
New York Attorney General Letitia James filed a lawsuit against three crypto companies: Gemini Trust Company, Genesis Global Capital and its affiliates and Digital Currency Group (DCG) for allegedly defrauding…
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What drove online used car marketplace Shift to file for bankruptcy
Shift Technologies, the San Francisco-based online used car startup turned publicly traded company, filed this week for Chapter 11 bankruptcy. The short story, according to recent filings, is that the company’s deteriorating cash position and inability to obtain further financing drove the company to file for bankruptcy and begin the…
The move comes after the New York-based company raised $380 million in equity and debt in the past two years.
VanMoof, the e-bike startup, officially declared bankrupt in The Netherlands
Another grim stage for VanMoof, the e-bike startup backed by venture capitalists to the tune of hundreds of millions of dollars. After making a last-hour effort to stave off bankruptcy…
SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity
One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next…
As part of the bankruptcy motion, lenders have offered the company $43 million in financing to help Starry maintain normal business conditions.
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SEC’s proposal could affect which crypto companies can manage assets
The SEC proposed a new rule that may back crypto companies further into a corner as regulators continue to crack down on the space.
FTX and its affiliated debtors have sent confidential letters asking politicians, PACs and other recipients of funds to return donations made by the crypto exchange once valued at $32 billion.…
Bankruptcy judge rules Celsius Network owns users’ interest-bearing crypto accounts
A federal bankruptcy judge ruled cryptocurrencies deposited into interest-bearing accounts at Celsius Network, a now-bankrupt cryptocurrency lending platform, actually belong to the firm — thanks to the fine print. The…
Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital
Galaxy plans to acquire Argo’s bitcoin mining facility Helios for $65 million and provide a $35 million loan amid the miner’s restructuring.
As BlockFi files for bankruptcy, how contagious will FTX’s downfall become?
BlockFi joined FTX, Celsius, Three Arrows Capital and Voyager in bankruptcy proceedings. Some wonder which crypto firm could be next.
This past year has been hectic for the crypto lending platform BlockFi, and today is no different as the company shared an announcement that it filed for voluntary Chapter 11…
FTX’s bankruptcy hearing details prior control by ‘inexperienced and unsophisticated individuals’
Crypto exchange FTX had its first day of hearings with the U.S. Bankruptcy Court for the District of Delaware on Tuesday.
A new bankruptcy filing, first reported by CNBC, shows that FTX’s corporate funds were used to purchase homes in the Bahamas among other personal items. The details arise less than…
Mark Cuban, Mavericks in hot water over Voyager ‘Ponzi scheme’
Lawsuits from disgruntled investors are beginning to stack up after crypto prices plummeted over the past few months, leaving them with steep losses. Billionaire Mark Cuban is the latest celebrity…
NASA lunar payload service provider Masten Space Systems begins bankruptcy process
Masten Space Systems began the process of filing for bankruptcy on Thursday, telling a Delaware court that it owed millions in liabilities to companies including SpaceX, Astrobotic, NuSpace and others.…
Celsius Network, one of the world’s largest cryptocurrency lenders, has filed for bankruptcy protection, a month after freezing customer assets in the wake of sharp turbulence in the crypto market…
Voyager Digital, a high-profile crypto broker, has filed for bankruptcy, citing market volatility and the surprising collapse of Three Arrows Capital, just weeks after it suspended withdrawals, trading and deposits…
