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Payment Tech Co. Plastiq Hits Ch. 11, Citing SVB Collapse

By Katryna Perera ( May 24, 2023, 9:10 PM EDT) -- Business-to-business payment software venture Plastiq Inc. filed for Chapter 11 protection in Delaware bankruptcy court Wednesday, citing a series of troubles ranging from a failed de-SPAC transaction to the collapse of Silicon Valley Bank and with plans for a stalking horse sale to Priority Technology Holdings Inc....

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