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Tag: liquidation

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Robotic Automations

TuSimple co-founder demands liquidation, sues company for control of his shares | TechCrunch

November 27, 2024 10:26 PM0


Xiaodi Hou, the co-founder and former CEO of self-driving truck startup TuSimple, is demanding that the board immediately liquidate the company and return all remaining funds – roughly $450 million – to shareholders “on a pure pro-rata basis, regardless of share class,” according to a letter that TechCrunch has viewed.  Hou is also suing TuSimple […]

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Software Development in Sri Lanka

Robotic Automations

Fisker owners get help with recall repairs as court approves liquidation plan | TechCrunch

October 25, 2024 3:04 AM0


Fisker’s plan to liquidate its assets has been accepted by the bankruptcy court in Delaware. And with it, the issue of who should pay for labor costs associated with a pair of recalls on the bankrupt EV startup’s SUVs is finally settled. Fisker has also reached a deal with American Lease, the buyer of its […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

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