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Chapter 11 News
Rockley Photonics Completes Financial Restructure: Week in Brief: 06/09/23
GENEVA, June 9, 2023 — Semiconductor technology companies STMicroelectronics and Sanan Optoelectronics signed an agreement to create a 200-mm silicon carbide device manufacturing joint venture in Chongqing, China. The fab is expected to begin production toward the end of 2025 and full buildout is expected in 2028. The total cost of the buildout is expected to be approximately $3.2 billion, including capital expenditures of about $2.4 billion over then next five years, which will be financed by contributions from
Quanergy Completes Chapter 11 Sale
SUNNYVALE, Calif., March 2, 2023 — A group of investors that includes former Quanergy Systems Inc. board member Tamer Hassanein is the winning bidder of the assets of lidar technology company Quanergy, as awarded in an auction administered by the U.S. Bankruptcy Court for the...
Rockley Photonics Files for Chapter 11 Bankruptcy Protection
PASADENA, Calif., Jan. 24, 2023 — Silicon photonics company Rockley Photonics has filed a petition for Chapter 11 bankruptcy relief, the company disclosed in a Jan. 23 8-K filing. The move comes after Rockley received notice from the New York Stock Exchange (NYSE) last month that it...
Quanergy Files for Bankruptcy, Changes Leadership
SUNNYVALE, Calif., Dec. 15, 2022 — Lidar technology company Quanergy has initiated an orderly sale process for its business, filing for protection under Chapter 11 of the U.S. Bankruptcy Code. The move comes less than one year after the developer of optical phased array-based...
Luminate, Qubits Ventures Launch Quantum and Photonics Pitch Competition: Week in Brief: 09/02/2022
SAN JOSE, Calif., Sept. 2, 2022 — Lidar technology company Cepton received a non-binding letter of intent for an investment of up to $100 million from its long-term automotive Tier 1 partner and current shareholder Koito Manufacturing Co., Ltd. The proceeds from the proposed...
Kodak to Shed Another 1000 Jobs
ROCHESTER, N.Y., Sept. 10, 2012 — Kodak will cut another 1000 jobs by year’s end as the imaging company continues to restructure under Chapter 11 bankruptcy. The company also announced that two of its high-ranking officers are leaving. The company has cut 2700 employees since...
Amid Lawsuit, Deep Photonics Files for Bankruptcy
CORVALLIS, Ore., July 31, 2012 — Ultrafast fiber laser maker Deep Photonics Corp. has filed for Chapter 11 bankruptcy protection. The company currently is suing its former CEO and others for allegedly transferring company secrets and key employees to a competitor and is seeking $75...
Kodak Patent Auction Cleared by Court
ROCHESTER, N.Y., July 3, 2012 — Struggling Eastman Kodak Co. said it will auction its digital imaging patents next month after receiving approval from the US Bankruptcy Court in Manhattan on Monday. Kodak will auction its digital capture and Kodak Imaging Systems and Services...
Kodak Selling Online Photo Service
May 1, 2012 — Eastman Kodak Co. of Rochester, N.Y., has entered into an agreement with Shutterfly, an Internet-based social expression and personal publishing service, for the proposed sale of certain assets of its Kodak Gallery online photo services business for...
Kodak Selling Online Photo Service to Shutterfly
ROCHESTER, N.Y., March 5, 2012 — The company will sell certain assets of its Kodak Gallery online photo services to the Internet-based social expression and personal publishing service for $23.8 million.
Solyndra Files for Chapter 11
FREMONT, Calif., Sept. 1, 2011 — Solyndra LLC, a manufacturer of rooftop solar panels, has suspended manufacturing operations and intends to file a petition for relief under Chapter 11 of the US Bankruptcy Code. Approximately 1100 full-time and temporary employees are being laid...
RMI Settles ITAR Case for $1M, Exits Bankruptcy
LAFAYETTE, Colo., Nov. 2, 2010 — Optical components maker Rocky Mountain Instrument Co. will pay the federal government $1 million to settle civil charges related to the illegal export of sensitive military information for the manufacture of certain optical and laser products...
Chapter 11
Sep 1, 2009 — Citing the recession and a 2007 federal raid on the business, Rocky Mountain Instrument (RMI) Co. of Lafayette, Colo., a manufacturer of full spectrum optical components, has filed for Chapter 11 bankruptcy. The company owes between $1 million and...
E-paper Device Maker Folds
SOUTHAMPTON, England, July 20, 2009 – Polymer Vision, maker of the rollable e-paper display Readius, filed for Chapter 11 bankruptcy protection and shuttered its UK offices, putting 50 people out of work, according to media reports.
RMI Files for Bankruptcy
LAFAYETTE, Colo., July 14, 2009 -- Optical components maker Rocky Mountain Instrument Co. (RMI) filed for Chapter 11 bankruptcy, citing the recession and a 2007 federal raid on the business as the contributing factors.
Bankrupt Diomed to Sell
ANDOVER, Mass., Mar. 17, 2008 -- Diomed Holdings Inc., a developer of minimally invasive medical laser technologies, announced it has filed for bankruptcy and plans to sell some assets to medical laser maker Biolitec AG of Germany for as much as $7 million. Diomed, which is...
Lucent to Buy Riverstone's Assets for $170M
Feb 9, 2006 — MURRAY HILL, N.J., Feb. 9, 2006 -- Lucent Technologies announced that it is acquiring substantially all the business assets of troubled Riverstone Networks, a Santa Clara, Calif.-based provider of carrier Ethernet routers for the telecommunications...
(17 results found)
April 2024
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