Ambri Inc.
-
June 12, 2024
Ambri Gets OK For Ch. 11 Loan, Sale Plans After Creditor Deal
A Delaware bankruptcy judge on Wednesday approved $5.75 million in Chapter 11 financing for Ambri Inc. and set the battery startup on the path for a July asset sale after hearing the company had reached a deal with its unsecured creditors.
-
June 06, 2024
Ambri Creditors Ask Judge To Nix DIP, Ch. 11 Bid Plans
Ambri Inc.'s unsecured creditors asked a Delaware bankruptcy judge to deny the company's proposed funding package and asset sale plan and undo a $3.75 million debt rollup, saying the requests amount to a secret scheme to hand assets to insiders who hold equity in the battery business.
-
May 07, 2024
Battery Developer Ambri Can Tap $3.75M Of Ch. 11 Financing
Battery start up Ambri Inc. can access the first $3.75 million leg of a debtor-in-possession loan funded by its creditors, including firms owned by Bill Gates and hedge fund billionaire John Paulson, after a Delaware bankruptcy judge Tuesday agreed to interim approval but expressed skepticism over final terms of the DIP package.
-
May 06, 2024
Battery Startup Ambri Hits Ch. 11 With Lender Sale Plans
Massachusetts battery developer Ambri Inc. filed for Chapter 11 protection in Delaware with over $50 million in liabilities and a credit bid stalking horse offer from a group of secured noteholders after fundraising efforts last year fell short.