LeddarTech, once high-flying Canadian lidar maker, to file for creditor protection – Automotive News
LeddarTech, once high-flying Canadian lidar maker, to file for creditor protection Automotive News Read the original article here
Update on Renfrewshire bus service after firm goes into liquidation
Johnstone and Area Community Transport revealed they ceased trading on June 9. The non-profit firm’s director, John McBarron, said it was with “great sadness” that an agent had been appointed for the liquidation of the “small” transport company. SPT announced last week they had issued an advert for a temporary replacement for Johnstone and Area Community Transport’s services.…
Aptose CEO props up biotech’s finances to prevent company from going bust – Fierce Biotech
Aptose CEO props up biotech’s finances to prevent company from going bust Fierce Biotech Read the original article here
GlobalBees faces insolvency plea from directors of Kuber Industries
GlobalBees Brands Private Limited, a subsidiary of Brainbees Solutions Ltd (which owns FirstCry), is facing an insolvency plea at the National Company Law Tribunal (NCLT), New Delhi. Ashutosh Garg, Paritosh Garg, and Manju Agarwal, the directors of Kuber Mart Industries, have approached the NCLT, New Delhi bench, under Section 7 of the Insolvency and Bankruptcy…
Little Island directors sought creditor support before going into liquidation
In June 2020, the company raised $3.2m via online investing platform Snowball Effect, and a further $409,287 three years later. Creditor proposal rejected In a letter to creditors dated April 17, seen by the Herald, Little Island director Wade Gillooly said the company had been in a difficult financial position over the past five months.…
At Home Group Enters Agreement to Facilitate Ownership Transition and Position Business for Long-Term Success – Business Wire
At Home Group Enters Agreement to Facilitate Ownership Transition and Position Business for Long-Term Success Business Wire Read the original article here
Relief Secures Strategic Investment from the Largest Debt Settlement Company in the US, National Debt Relief – StreetInsider
Relief Secures Strategic Investment from the Largest Debt Settlement Company in the US, National Debt Relief StreetInsider Read the original article here
Issue of Debt – Business Wire
Issue of Debt Business Wire Read the original article here
Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act
Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president. In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that…
Whyalla Ports enters voluntary administration
Former Whyalla Steelworks parent company GFG Alliance has placed its subsidiary Whyalla Ports into voluntary administration. In a statement, the company said it had no choice after the State Government intervened last month to determine the control of the facility. It comes after the company was embroiled in a federal court case with adminstrators Korda…