Insolvency news

“`html Nu-Ride Inc., previously named Lordstown Motors Corp., has successfully emerged from Chapter 11 bankruptcy. With the fresh ticker symbol “NRDE” on the OTC Pink Market, the company is set for a new chapter in its journey. Through this financial restructuring, Nu-Ride Inc. aims to revitalise its operations. Operating under a new name and stock […]

Electric vehicle startup Fisker is bracing for a potential bankruptcy filing amid financial challenges. The company, founded by Henrik Fisker, could face this decision despite significant investment attempts. Fisker aims to release its Ocean electric SUV later this year but is currently grappling with a shortage of funds required for its production. The firm’s cash

In a recent development, Electric vehicle startup Fisker is gearing up for a potential bankruptcy filing as challenges loom. The company, founded by Henrik Fisker, is facing financial strain that could prompt a bankruptcy move. Despite its aim to rival Tesla, it finds itself in a tough spot, battling against industry giants. Fisker, primarily known

In a move aimed to keep in step with the evolving healthcare landscape, Mayo Clinic is devising a digital transformation strategy. This initiative seeks to enhance patient care, streamline operations, and ensure long-term success. Mayo Clinic’s forward-thinking approach involves leveraging technology to deliver more efficient and effective healthcare services. The institution’s digital transformation plan is

In a recent development, Inovalon has acquired Vigilanz, aiming to enhance data offerings in the healthcare sector. The strategic move by Inovalon seeks to deepen its capabilities and provide more comprehensive data to improve patient care. The acquisition of Vigilanz aligns with Inovalon’s mission to enhance healthcare outcomes through advanced data analytics and insights. The

In a recent development, a judge has ruled that Byju’s, a prominent educational technology company, must freeze $533 million, a significant win for lenders. The decision comes amidst financial struggles faced by Byju’s, prompting legal intervention to protect the interests of creditors. By placing this substantial amount on hold, the court aims to ensure that

In a thought-provoking article by TechRadar Australia, the rise and fall of EV start-ups are examined, raising concerns about the potential impact on consumer confidence in the technology. The piece delves into the challenges faced by electric vehicle (EV) companies, highlighting how the success or failure of these start-ups can shape public perception of EVs.