No one ever says hardware is easy, and today it looks like another promising startup has hit a wall. Navdy, which made an in-car heads-up display that projected info like navigation on to your windscreen, has been sending out notices to customers and others who might have claims against the company, as part of a General Assignment for the Benefit of Creditors.
The full note is below.
This is not a bankruptcy, but an alternative to one, aimed at smaller businesses.
As part of it, the company Navdy Inc. (the assignor) is assigning its rights in tangible and intangible assets to Navdy LLC (the assignee) for liquidation. Specifically:
Assignee shall liquidate the Assets, wind down Assignor and distribute the net liquidation proceed…
Read the full article at: https://techcrunch.com/2017/11/27/navdy-contacts-would-be-creditors-prepares-to-liquidate/
