article thumbnail

Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

“The whole problem here is it’s a new company in the field and they don’t have all the equipment like the established players like Daimler, Volvo or Paccar have,” mentioned Antti Lindstrom, a truck analyst at S&P International Mobility.

article thumbnail

Amyris files for Chapter 11

Green Car Congress

Synthetic biotechnology company Amyris commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware. The company intends to pay vendors in the ordinary course for all goods received and services rendered after the filing. Amyris entities outside the US are not included in the proceedings.

Delaware 150
article thumbnail

Senate passes sustainable chemistry act as part of military spending bill

Green Car Congress

The act directs the Office of Science and Technology Policy to convene an interagency entity under the National Science and Technology Council with the responsibility of coordinating federal programs and activities in support of sustainable chemistry. identify other opportunities for expanding Federal efforts in support of sustainable chemistry.

Parts 341
article thumbnail

A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).

Financing 225
article thumbnail

Twitter refuses Elon Musk’s renewed $44B bid

Teslarati

Twitter is refusing to accept Elon Musk’s renewed bid of $44 billion for the social media company, according to a report from The Associated Press citing Elon Musk’s attorneys. This news comes after reports of Elon Musk’s asking the Delaware court to halt the upcoming trial.

article thumbnail

Robotic Tire Changing Business Goes Bust

The Truth About Cars

With support from Discount Tire, the company had secured a round of Series A funding in 2021 and was reportedly seeking more investors as it sought to expand the business. We are immensely proud to receive this backing from our investors and know this is just the first turn down a long road to success for our company."

Detroit 111
article thumbnail

Elon Musk formally moves to terminate Twitter’s $44 billion acquisition

Teslarati

Musk had demanded more data from Twitter after the social media company noted in an SEC filing that less than 5% of its users are fake accounts. The social media company, for its part, has maintained that it’s not possible to calculate spam accounts from solely public information. — Bret Taylor (@btaylor) July 8, 2022. “The

Delaware 145