US chipmaker Wolfspeed's shares close up 29.41% after the company emerged from Chapter 11 bankruptcy and achieved its goal of reducing overall debt by ~70%
Solid, which offers APIs for banking, payments, cards, and crypto products and had raised nearly $81M, files for Chapter 11 after a “costly” FTV Capital lawsuit
Mary Ann Azevedo / TechCrunch :
Byju's US unit Alpha files for Chapter 11 bankruptcy in Delaware, listing liabilities between $1B and $10B and assets between $500M and $1B
A U.S. unit of Indian education technology startup Byju's has filed for Chapter 11 bankruptcy proceedings in the U.S. court of Delaware …
Miami-based Bird files for Chapter 11 bankruptcy, listing $100M to $500M in liabilities; the NYSE began delisting the e-scooter rental company in September 2023
The Miami, Florida based company listed assets and liabilities of between $100 million and $500 million in a court filing.
WeWork, valued at $47B in 2019, files for Chapter 11 bankruptcy protection for its US and Canada locations, and reports liabilities ranging from $10B to $50B
The company reported liabilities ranging … Kritikopoulos Spiros : Today's diamonds may easily end up tomorrow's coal! Jerry Kallas : The company leases millions of square feet of office space in 777 l...
Sources: WeWork, once valued at $47B, plans to file for Chapter 11 bankruptcy as early as next week; WE drops 50%+
Wall Street Journal :
Crypto custody service Prime Trust and some of its affiliates file for Chapter 11 bankruptcy, listing liabilities of $100M to $500M and assets of $50M to $100M
Timmy Shen / The Block :
SVB Financial Group, the holding company for SVB Capital and SVB Securities, files for Chapter 11 and “believes it has approximately $2.2B of liquidity”
One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank …
SVB Financial files for Chapter 11 bankruptcy protection in the SDNY Bankruptcy Court and “believes it has approximately $2.2B of 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 …
A presentation in FTX's Chapter 11 case shows the exchange has identified assets of ~$2.2B in FTX.com wallets and a ~$9.3B net borrowing by Alameda Research
So far, $2.2 billion in assets have been identified in the wallets of accounts associated with FTX.com, of which only $694 million are in the most liquid assets.