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Luminar Technologies, Inc. and its affiliated debtors filed a disclosure statement on January 29, 2026, outlining a Chapter 11 Plan of Liquidation that proposes to sell substantially all assets through two separate transactions totaling approximately $143 million. The plan contemplates the sale of the company’s LSI semiconductor business to Quantum Computing, Inc. for $110 million…
Sterling Bancorp is now in the final stages of a complete corporate wind-down. Having divested its core banking operations last year, the company is currently liquidating its remaining assets to facilitate its ultimate dissolution. For shareholders, the central question is what final capital distribution will remain after all corporate obligations are settled. The process began…
The airline was founded by a “green industrialist” and prominent Labour Party Dale Vince, who launched EcoJet Airlines in Edinburgh in 2023 when it was hailed as “the world’s first electric airline”. Now, provisional liquidators have been appointed to the company following a reported bid to raise £20 million. Ecotricity, the green energy firm founded…
Aldridge was appointed sole director of Aldridge Landscaping Limited when it was incorporated in June 2017, and remained in position until he was barred from being a director in 2019. By the time he had been disqualified, the firm had gone into liquidation and owed at least £82,650 to HM Revenue and Customs (HMRC). But…
The story of Desktop Metal, once hailed as a revolutionary force in 3D printing, has reached its conclusion. The company is now undergoing a complete liquidation, with its entire patent portfolio sold off. For shareholders, this process follows a failed restructuring attempt in 2025 and likely signifies a total loss of their investment. Desktop Metal’s…
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All jobs axed as popular Scots jewellery firm collapses after 40 years The Scottish Sun Read the original article here
The NCLT order came over a petition filed by Lepton Software, which sells Google Maps Platform services under the licence granted by Google Asia Pacific Pte. New Delhi: The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company which was providing all-electric ride-hailing services and building a…