Chapter 11

DNA testing company 23andMe files for bankruptcy protection, CEO resigns

Biotech & Health /

Genetics testing company 23andMe has filed for Chapter 11 bankruptcy protection in the U.S. to initiate the sale of its assets. Alongside the announcement, the company’s co-founder and CEO Anne Wojcicki separately said she is leaving the company to become an independent bidder for the company. “After a thorough evaluation of strategic alternatives, we have […]

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Battery unicorn Northvolt files for bankruptcy, co-founder and CEO resigns

Climate /

Beleaguered Swedish battery manufacturer Northvolt announced on Thursday that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries. The company reportedly chose Chapter 11 in an effort to right its finances. In the wake of the filing, co-founder and CEO Peter Carlsson resigned, though he’ll remain on

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Battery unicorn Northvolt files for bankruptcy, upending Europe’s industrial plan

Climate /

Beleaguered Swedish battery manufacturer Northvolt announced today that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries. The company reportedly chose Chapter 11 in an effort to right its finances.  Northvolt, which had soared for years on the back of strong fundraising and a string of

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Terraform Labs co-founder and crypto fugitive, Do Kwon, set for extradition to South Korea

Cypto /

The Appellate Court of Montenegro ruled on Thursday that Terraform Labs co-founder, Do Kwon, should be returned to his home country, South Korea. The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the U.S. The extradition date for Kwon to

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