Bloomberg: iM3NY files for bankruptcy

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Bloomberg: iM3NY files for bankruptcy

(WIVT/WBGH) - The Endicott-based lithium-ion battery manufacturer, iM3NY, has filed for Chapter 11 bankruptcy, according to reporting by Bloomberg.com. The article written by Jonathan Randles of Bloomberg.com, one of the media leaders in economics and technology coverage, states iM3NY and the affiliate Imperium3 filed in the US Bankruptcy Court for the District of Delaware Monday, Jan. 27. This comes just months after iM3NY laid off a large numb…

New York-Based Battery Maker IM3NY Out of Cash, Files Bankruptcy

(Bloomberg) — IM3NY, which has sought to become a major US manufacturer of lithium-ion batteries, has filed bankruptcy months after Australian securities regulators accused the firm’s majority owner of failing to disclose problems at a New York production facility.

iM3NY Files for Bankruptcy with $136M Debt - USA Herald

Lithium-ion battery manufacturer iM3NY has filed for Chapter 11 bankruptcy protection in Delaware, citing approximately $136 million in debt and challenges in securing new funding for its New York production plant. Financial Struggles In a first-day declaration filed late Monday, CEO Lukasz Cianciara detailed iM3NY’s financial situation, which includes $125.8 million in secured debt and Battery maker iM3NY files for Chapter 11 bankruptcy with $13

Endicott's iM3NY Battery Operation Files for Bankruptcy

Struggling Endicott lithium-ion maker iM3NY is out of cash and into bankruptcy, according to a Bloomberg news report.

Nikola Loses Another Two Executives Amid Bankruptcy Risk

Electric truck maker Nikola has seen two more executives depart as it continues to delay reporting its fourth-quarter 2024 sales figures.