Streetbeat News

Bankruptcy

BIG

Big Lots is starting 'going out of business' sales at its remaining locations as it does not expect to close the sale to Nexus Capital. This follows the company's Chapter 11 bankruptcy proceedings.

Portfolio Pulse from

December 20, 2024 | 6:30 am

BIG

Big Lots announced that its previously planned sale to Nexus Capital Management has fallen through, leading the company to prepare for going out of business sales at all its remaining stores.

Portfolio Pulse from

December 19, 2024 | 8:30 pm

LEV

Lion Electric Company has obtained creditor protection under the CCAA, with Deloitte Restructuring Inc. appointed as the monitor to assist in restructuring efforts.

Portfolio Pulse from

December 19, 2024 | 12:45 pm

AMTX

Aemetis is facing severe financial distress, with concerns about its ability to continue as a going concern. The company is struggling with impending debt maturities, lack of profitability, and highly dilutive equity issuances.

Portfolio Pulse from

December 19, 2024 | 7:00 am

LEV

Lion Electric (LEV) has filed for bankruptcy protection following financial struggles, including unsuccessful funding attempts and debt defaults.

Portfolio Pulse from

December 18, 2024 | 4:00 pm

LEV

Lion Electric Company has filed for creditor protection under the CCAA and plans to seek recognition in the US under Chapter 15 of the Bankruptcy Code.

Portfolio Pulse from

December 18, 2024 | 12:45 pm

LGHL

Lion Electric, an electric bus and truck manufacturer, plans to seek creditor protection under the Companies' Creditors Arrangement Act after defaulting on its debt. This move aims to facilitate business restructuring and a formal sales process.

Portfolio Pulse from

December 17, 2024 | 3:45 pm

LEV

Lion Electric Company announced the expiry of its covenant relief period and defaults under certain senior debt instruments. The company will initiate restructuring proceedings under the CCAA.

Portfolio Pulse from

December 17, 2024 | 12:45 pm

BIG

Big Lots has filed for Chapter 11 bankruptcy and is set to be acquired by Nexus Capital Management. The company's struggles are attributed to its failure to adapt to the digital age.

Portfolio Pulse from

December 16, 2024 | 8:30 pm

AKTS

QRVO

Akoustis Technologies is pursuing a strategic sale of its business through a voluntary Chapter 11 process. The company aims to ensure the business is sold free of Qorvo infringement following a final judgment and required cleansing process. Akoustis is committed to maintaining continuity in delivering its BAW high-band RF filters.

Portfolio Pulse from

December 16, 2024 | 6:45 am