Nov 21, 2024 · As is customary in Chapter 11 proceedings, Northvolt has filed certain “first day” motions that will allow it to meet its obligations to employees, critical vendors and customers, …

On November 21, 2024 (the "Petition Date"), Northvolt AB and eight affiliated debtors (collectively, the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States …

Nov 21, 2024 · Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to …

Jan 15, 2025 · Chapter 11 bankruptcy is a legal process in the United States that allows businesses to reorganise their debts and continue operating. Often used by companies facing …

The United States Chapter process allows Northvolt to gain access to new funding and continue operating normally while it restructures its debt and appropriately scales the business to …

Nov 22, 2024 · Swedish gigafactory Northvolt filed for Chapter 11 bankruptcy protection in the US yesterday, culminating months of speculation over its financial health. The procedure means …

Northvolt commences these chapter 11 cases with one overarching objective: to partner with one or more long-term strategic or financial investors that will leverage nearly a decade of …

Nov 22, 2024 · The Chapter 11 restructuring process in the U.S. is distinct from a bankruptcy or administration proceeding in Sweden or many other countries. Importantly, this process will …

Nov 22, 2024 · As is customary in Chapter 11 proceedings, Northvolt has filed certain “first day” motions that will allow it to meet its obligations to employees, critical vendors and customers, …

Nov 25, 2024 · European battery company Northvolt has filed for Chapter 11 ‘reorganisation’ bankruptcy in the US, which it said will allow it to restructure its debt to continue scaling the …