Bankruptcy & Restructuring News Headlines for Tuesday Mar 26, 2024

Here's what we are reading this morning:

UPDATE 3-Fisker shares halted after deal talks with big automaker collapse: Fisker's talks with a large automaker for a potential deal have collapsed, it said on Monday amid growing uncertainty for the cash-strapped startup that last week paused electric-vehicle production.

Consumer Credit Lender CURO Files for Bankruptcy - WSJ: Company expects to reduce its debt by $1 billion and yield annual cash interest savings of $75 million through restructuring

FTX to Sell Two-Thirds of Anthropic Stake for $884 Million - WSJ: Bankrupt cryptocurrency exchange FTX has struck $884 million in deals with two dozen buyers, including an Abu Dhabi investor, to sell most of its shares in Anthropic, an artificial-intelligence startup that counts and Google among its backers.

San Francisco's office vacancy in Q1 2024 hits all-time high - San Francisco Business Times: Office vacancy hit 36.6% in the first quarter of this year, per preliminary data, but demand from prospective office tenants is also rising.

Adam Neumann Bids to Buy Back WeWork for More Than $500 Million - WSJ: The former chief executive of the co-working space provider said last month he was aiming to put together a bid

Fisker Delisted by NYSE as EV Maker Races to Save Itself: The NYSE said in a statement that Fisker shares were “no longer suitable for listing based on ‘abnormally low’ price levels” and trading would be suspended immediately.

Older Post Newer Post