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Battery Developer Backed by Paulson, Gates Files for Bankruptcy [Yahoo! Finance]
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the cash it had received from investors, including firms tied to Microsoft Corp. co-founder Bill Gates and hedge fund billionaire John Paulson. Most Read from Bloomberg Truce Talks Drag as Hamas Hits Israel Crossing in Deadly Attack At $2 Million Per Minute, Treasuries Mint Cash Like Never Before Judge Threatens Trump With Jail Over Gag Order Violations Treasury Rally Risks Running Into a $125 Billion Brick Wall Buffett Praises Apple After Trimming It, Drops Paramount Stake The company plans to sell itself to noteholders unless a proposed auction yields a better offer. Those noteholders include Gates Frontier, and Paulson Partners, which will loan Ambri an additional $9.5 million to pay for the Chapter 11 case, according to court documents. Ambri was founded in 2010 by two researchers who developed a “liquid metal” battery while at the Massachusetts Institute of Technology. The company has raised $150 million from equity investors and borrowed $42 million by issuing se
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