Streetbeat News

Bankruptcy

TFFP

TFF Pharmaceuticals, Inc. (Nasdaq: TFFP) has announced it will wind down operations and has terminated its employees following a board decision.

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November 14, 2024 | 9:30 pm

HTOO

Fusion Fuel Green Plc has filed a damages claim against Hydrogenial S.A. for not fulfilling a $33.5 million funding agreement. Additionally, Fusion Fuel announced the insolvency of its Portuguese subsidiary.

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November 14, 2024 | 9:30 pm

RILY

B. Riley Financial, Inc. has filed a notification of late filing with the SEC, needing more time to assess the impact of the Franchise Group bankruptcy and recent asset monetizations on its financial statements. The company disclosed preliminary Q3 results, ending the quarter with $159 million in cash and $2.06 billion in debt.

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November 14, 2024 | 3:30 pm

VRM

Vroom, an automotive finance company and digital services platform, has filed for Chapter 11 bankruptcy. The company plans to continue operations as a 'debtor-in-possession' under bankruptcy court jurisdiction. Subsidiaries are not expected to follow the bankruptcy filing.

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November 14, 2024 | 1:00 am

VINO

Gaucho Group Holdings, Inc. (NASDAQ:VINO) has filed for Chapter 11 reorganization to protect its core assets and ensure operational continuity amid legal challenges. The strategic move aims to safeguard its valuable properties, including Algodon Mansion and Algodon Wine Estates.

Portfolio Pulse from

November 13, 2024 | 4:45 pm

SAVE

ULCC

Spirit Airlines is reportedly preparing to file for bankruptcy protection after unsuccessful merger discussions with Frontier Airlines.

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November 13, 2024 | 4:15 pm

SAVE

Spirit Airlines is reportedly nearing a bankruptcy filing after a failed merger with Frontier Airlines. The airline is working with creditors on a bankruptcy plan, and a filing could occur within weeks. Spirit Airlines shares have plunged almost 60% following the news.

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November 13, 2024 | 3:45 pm

PLNT

Planet Fitness lost a bid in bankruptcy court to acquire Blink Holdings. U.K.-based PureGym won the bid to acquire Blink and its assets, including 60 gyms in New York and New Jersey.

Portfolio Pulse from

November 13, 2024 | 3:00 pm

SAVE

Spirit Airlines has warned that its equity would be wiped out if it reaches a bankruptcy deal with its creditors. The airline is expected to file for bankruptcy in the coming weeks.

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November 13, 2024 | 2:30 pm

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ULCC

Spirit Airlines shares plummet over 60% in premarket trading following reports of potential bankruptcy filing after failed merger talks with Frontier Group Holdings.

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November 13, 2024 | 12:00 pm