Life EV announced that its court-approved asset acquisition had been completed as part of Rad’s bankruptcy process. The South Florida-based company paid $13.2 million for the e-bike maker that was once valued at $1.65 billion. Read More
The situation underscores the financial strain facing Rad and the broader e-bike industry after rapid growth during the COVID-19 pandemic gave way to slowing demand, rising costs and lingering trade pressures. Read More
The filing revealed new details of the privately held company’s ownership structure and financial predicament — including a steady decline in revenue, and liabilities more than double its assets. Read More
Seattle-based Omnidian, which manages solar power performance and services panels for commercial and residential installations, announced it aims to acquire… Read More
Thousands of RadioShack stores face imminent closure as the 94-year-old company’s bankruptcy nears a close. On Thursday, a judge is set to sign… Read More
Dendreon, a once-promising Seattle biotech company developing treatments for prostate cancer, today filed for Chapter 11 bankruptcy protection. It marks… Read More
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