Orbital Infrastructure shares are trading lower after the company announced it filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas.
Portfolio Pulse from Benzinga Newsdesk
Orbital Infrastructure has filed voluntary Chapter 11 bankruptcy petitions in the U.S. Bankruptcy Court for the Southern District of Texas, causing its shares to trade lower.
August 24, 2023 | 1:45 pm
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Orbital Infrastructure's filing for Chapter 11 bankruptcy has led to a decrease in its share price.
Orbital Infrastructure's decision to file for Chapter 11 bankruptcy is a significant event that directly impacts the company's financial stability. This news has led to a decrease in the company's share price as investors react to the uncertainty surrounding the company's future.
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