EV Charge Station Maker Charge Enterprises Files Bankruptcy [BNN Bloomberg (Canada)]
Charge Enterprises, Inc. (CRGE)
Company Research
Source: BNN Bloomberg
bankruptcy to implement a restructuring plan that will hand control of the business to senior lender Arena Investors. Charge Enterprises's assets have a book value of more than $114 million compared to liabilities of roughly $48.7 million, according to papers it filed Thursday in Delaware bankruptcy court. The company said it started polling creditors on its restructuring plan earlier this week and will seek to win bankruptcy court approval on the Arena deal by April 24. Thursday's Chapter 11 filing marks at least the fourth bankruptcy involving companies in the electric vehicle business over the past few years. Electric vehicle maker Lordstown Motors Corp. and EV parts maker Proterra Inc. filed Chapter 11 last year and startup Electric Last Miles Solutions Inc. went bankrupt in 2022. Charge Enterprises blamed its bankruptcy largely on its dealings with investment adviser Korr Acquisitions Group Inc. and its former chairman, Kenneth Orr. The company said it was supposed to hav
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CRGE
Earnings
- 11/8/23 - In-Line
CRGE
Sec Filings
- 2/28/24 - Form 8-K
- 2/22/24 - Form 8-K
- 2/16/24 - Form SC
- CRGE's page on the SEC website