The company will return to court in the coming weeks to seek final approval from U.S. Bankruptcy Judge Craig Goldblatt for the full, $1.1 billion financing package. (Kiyoshi Ota/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help…
Retailer At Home Files Bankruptcy With Lenders Set to Take Over Bloomberg Read the original article here
LeddarTech, once high-flying Canadian lidar maker, to file for creditor protection canada.autonews.com Read the original article here
The National Company Law Tribunal on Friday directed to initiate insolvency proceedings against Gensol Engineering and Gensol EV Lease after admitting the petitions filed by the Indian Renewable Energy Development Agency. The Ahmedabad bench of the insolvency tribunal appointed interim resolution professionals for both debt-ridden companies after suspending their respective boards. In the matter of…
QUEBEC CITY, Canada, June 16, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an AI-powered software company recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), today announces that, further to its press release dated June 11, 2025, it intends on making an assignment into…
QUEBEC CITY, Canada, June 16, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an AI-powered software company recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), today announces that, further to its press release dated June 11, 2025, it intends on making an assignment into bankruptcy pursuant…
EchoStar Corp SATS opened a whopping 45% up on Monday following reports that President Trump has stepped in to resolve a conflict between the satellite communication company and the FCC. According to Bloomberg, the US President has urged EchoStar to consider a deal with the regulator that could potentially end the feud over its wireless…
QUEBEC CITY, Canada, June 16, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an AI-powered software company recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), today announces that, further to its press release dated June 11, 2025, it intends on making an assignment into…
In brief Circle’s move to go public doesn’t impact USDC’s stability rating, according to S&P analysts. Legal uncertainty remains over whether USDC reserves would be protected if Circle goes bankrupt. Proposed GENIUS Act legislation could clarify stablecoin holder protections in bankruptcy scenarios. USDC issuer Circle’s “moon landing moment” of its IPO and subsequently soaring stock…
Tesla CEO Elon Musk has issued a fresh warning about the US economy, saying the company may soon go bankrupt if things don’t change soon. Sharing a post on microblogging platform X (formerly Twitter), Musk wrote: “If this continues, America goes de facto bankrupt and all tax revenue will go to paying interest on the…