Bankruptcy & Restructuring News Headlines for Thursday Aug 12, 2021

Here's what we are reading this morning:

Workhorse books $52 million loss on Lordstown Motors’ stock investment - MarketWatch: Workhorse sold 11.9 million Lordstown shares, or nearly three-quarters of its stake in the past month

Slated retirements to cut US coal fleet to less than half 2015 capacity by 2035 | S&P Global Market Intelligence: Utilities have made retirement plans for much of the U.S. coal fleet in the coming years, and observers expect the trend to accelerate in the current market and political environment.

E-scooter company Skip files for Chapter 7 bankruptcy | Smart Cities Dive: The Helbiz-owned micromobility company filed the petition last week in California, marking the first bankruptcy filing by a well-known scooter company with a footprint in multiple cities.

Lordstown Motors says it is likely to begin only ‘limited production’ of its electric truck this year. - The New York Times: The company, in a release of second quarter financials, indicated it was still in need of cash to meet its eventual production goals.

Thyssenkrupp flags $1.8 billion cash gap as restructuring drags on | Reuters: Thyssenkrupp (TKAG.DE) on Wednesday flagged a cash gap of up to 1.5 billion euros ($1.8 billion) for its full year, citing restructuring costs and higher investments, as the German conglomerate continues efforts to streamline its businesses.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Triggering Events That Accelerate or Increase a Direct Financial Obligation (Item 2.04) for the Week Ended Wednesday Aug 11, 2021:

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