Streetbeat News

Bankruptcy

GOEV

Canoo, an EV startup, is facing significant challenges in the competitive EV industry, highlighting the difficulties for new entrants in this market.

Portfolio Pulse from

January 21, 2025 | 4:45 pm

RHCCF

Royal Helium Ltd. and its subsidiaries have filed for creditor protection under the Bankruptcy and Insolvency Act, indicating financial distress.

Portfolio Pulse from

January 20, 2025 | 6:15 pm

BDC

Business development companies (BDCs) experienced a challenging week with a 2.5% drop, reflecting broader income space trends. US corporate bankruptcies have reached their highest level since 2010 due to high debt servicing costs and declining consumer demand.

Portfolio Pulse from

January 18, 2025 | 5:00 am

GOEV

EV startup Canoo has filed for Chapter 7 bankruptcy and will cease operations immediately.

Portfolio Pulse from

January 18, 2025 | 2:15 am

GOEV

Electric vehicle startup Canoo has filed for bankruptcy and will cease operations immediately. The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court.

Portfolio Pulse from

January 18, 2025 | 2:00 am

GOEV

Canoo Inc. has filed for Chapter 7 bankruptcy, leading to the liquidation of its assets. This marks the end of operations for the high-tech mobility and energy company.

Portfolio Pulse from

January 18, 2025 | 1:30 am

MAC

Macerich (MAC) has seen a 20.7% increase in its stock price over the past six months. The company is expected to continue benefiting from its premium shopping center portfolio, efforts to support omnichannel retailing, and balance-sheet strengthening, despite challenges such as higher tenant bankruptcies.

Portfolio Pulse from

January 17, 2025 | 4:45 pm

MPW

Medical Properties Trust's tenant, Prospect Medical, filed for Chapter 11 bankruptcy, but the market viewed this as a de-risking event, leading to a 7.8% rise in Medical Properties Trust's shares. Prospect accounts for only 6.8% of Medical Properties Trust's total assets, and the company expects minimal impairments.

Portfolio Pulse from

January 17, 2025 | 4:30 pm

FSRNQ

The U.S. auto safety regulator has closed its investigation into nearly 7,000 Fisker Ocean SUVs due to the inadvertent activation of the automatic emergency braking system. The decision was made as no further information is expected from the bankrupt EV maker.

Portfolio Pulse from

January 17, 2025 | 12:00 pm

SIVBQ

The FDIC has filed a lawsuit against 17 former executives and directors of Silicon Valley Bank, aiming to recover billions due to alleged gross negligence and fiduciary breaches that led to the bank's collapse in March 2023.

Portfolio Pulse from

January 17, 2025 | 12:15 am