Battery Developer Ambri Can Tap $3.75M Of Ch. 11 Financing

By Clara Geoghegan · May 7, 2024, 8:18 PM EDT

Battery start up Ambri Inc. can access the first $3.75 million leg of a debtor-in-possession loan funded by its creditors, including firms owned by Bill Gates and hedge fund billionaire John...

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Bankruptcy Scorecard

Summary

Massachusetts startup Ambri filed for bankruptcy with plans to sell its assets and shift focus from manufacturing to research and development of its liquid batteries with renewable energy applications.

Case Number

24-bk-10952

Judge

Laurie Selber Silverstein

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$50 million to $100 million

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Related Sections

Case Information

Case Title

Ambri Inc.

Case Number

1:24-bk-10952

Court

Delaware

Nature of Suit

Date Filed

May 05, 2024

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