bankruptcy

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…

The fight over Fisker’s assets is already heating up

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 faced financial distress as early as last August

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 failed because it wasn’t ready to be a car company

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…

EV startup Fisker files for bankruptcy

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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…

10:38 am PDT • May 2, 2024
They thought they were joining an accelerator — instead they lost their startups

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.”…

Lordstown Motors comes out of bankruptcy with a new name to fight Foxconn

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…

Thrasio, once king of e-commerce aggregation, files for Chapter 11

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.…

Cake sought deals with Harley-Davidson, automakers before 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…

Boutique e-motorcycle startup Cake files for bankruptcy

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…

Electric scooter company Bird files for bankruptcy

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…

WeWork reportedly on the verge of filing for bankruptcy, stock plummets

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…

NY attorney general sues Gemini, Genesis and DCG for allegedly defrauding crypto investors of over $1B

Featured Article

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…

4:15 pm PDT • October 10, 2023
What drove online used car marketplace Shift to file for bankruptcy

The move comes after the New York-based company raised $380 million in equity and debt in the past two years.

E-commerce acquirer Benitago files for bankruptcy

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…

VanMoof, the e-bike startup, officially declared bankrupt in The Netherlands

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…

SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity
Enterprise

Starry files for bankruptcy

1:57 pm PST • February 21, 2023

As part of the bankruptcy motion, lenders have offered the company $43 million in financing to help Starry maintain normal business conditions.

Starry files for bankruptcy

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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.

4:45 pm PST • February 15, 2023
SEC’s proposal could affect which crypto companies can manage assets

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.…

FTX wants politicians and PACs to return their donations

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…

Bankruptcy judge rules Celsius Network owns users’ interest-bearing crypto accounts

Galaxy plans to acquire Argo’s bitcoin mining facility Helios for $65 million and provide a $35 million loan amid the miner’s restructuring.

Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital

BlockFi joined FTX, Celsius, Three Arrows Capital and Voyager in bankruptcy proceedings. Some wonder which crypto firm could be next.

As BlockFi files for bankruptcy, how contagious will FTX’s downfall become?

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…

BlockFi files for Chapter 11 bankruptcy

Crypto exchange FTX had its first day of hearings with the U.S. Bankruptcy Court for the District of Delaware on Tuesday.

FTX’s bankruptcy hearing details prior control by ‘inexperienced and unsophisticated individuals’

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…

Bahama homes were purchased with FTX corporate funds

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…

Mark Cuban, Mavericks in hot water over Voyager ‘Ponzi scheme’

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.…

NASA lunar payload service provider Masten Space Systems begins bankruptcy process

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…

Celsius, one of crypto’s biggest lenders, files for bankruptcy

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…

Crypto broker Voyager Digital files for bankruptcy

Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg. The mega fund, founded by Credit Suisse traders…

Crypto mega hedge fund Three Arrows Capital reportedly files for bankruptcy in New York