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Bankruptcy

HYZN

Hyzon Motors (NASDAQ:HYZN) announced it will halt operations in the Netherlands and Australia due to challenging market conditions and reduced government support for hydrogen fuel cell technology. The company will focus on the North American market and expects to incur charges of approximately $17 million related to the exit. Hyzon also received a notice from Nasdaq for non-compliance with the minimum bid price requirement and is exploring strategic alternatives, including potential sales and bankruptcy protection.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:42 am

HYZN

Hyzon Motors Inc. announced it will halt operations in the Netherlands and Australia, incurring $17M in charges. The company is refocusing on North American markets and the refuse industry. Hyzon is also exploring strategic alternatives, including potential bankruptcy, and is working to regain Nasdaq compliance.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:32 am

BIG

Big Lots is planning to close stores and may file for bankruptcy due to the impact of elevated inflation on shoppers.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 6:32 pm

BCHUSD

BTCUSD

Mt. Gox, the defunct Japanese crypto exchange, has begun repaying creditors in Bitcoin and Bitcoin Cash after a decade-long wait. This marks a significant step in resolving the long-standing bankruptcy case. The repayments are contingent upon account verification and using approved digital asset exchanges. Mt. Gox has transferred billions in Bitcoin from its wallets, with significant amounts still pending disbursement.

Portfolio Pulse from Murtuza Merchant

July 05, 2024 | 3:02 pm

FSR

Fisker is seeking approval from the Delaware bankruptcy court to sell 3,321 Ocean electric SUVs at a significantly reduced price of around $14,000 per vehicle. The company filed for Chapter 11 bankruptcy in June and is looking to sell its inventory to American Lease. Fisker has faced multiple recalls and safety concerns with its Ocean SUVs.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

LL

LL Flooring Holdings shares are trading lower following a report suggesting the company is considering filing for Chapter 11 bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 4:40 pm

LL

LL Flooring is considering filing for Chapter 11 bankruptcy, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 4:39 pm

SHPW

Shapeways shares are trading lower after the company announced it has ceased operations and filed for Chapter 7 bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:28 pm

SHPW

Shapeways has filed for bankruptcy, which has triggered events of default under certain of the company's outstanding debt instruments, including a $669,500 secured promissory note dated June 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:53 pm

CONN

Furniture retailer Conn’s Inc (NASDAQ:CONN) is facing a significant drop in share price due to potential bankruptcy filing news. The company, which caters to lower-income consumers, has seen sales decline and is struggling with the integration of a rival chain. Conn’s has enlisted advisors for financial and operational guidance. The retailer has faced three years of fiscal losses and recently delayed its quarterly financial report while borrowing $25 million under a term loan agreement. Shares have plummeted 77% this year and are trading 44.3% lower in premarket.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 12:02 pm