💥New Chapter 11 BK - Northvolt AB💥

ESG darling raised $5b+ and descended into chapter 11 bankruptcy anyway.

On November 21, 2024, Sweden-based Northvolt AB and eight affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Perez).*

This one is a doozy. Founded just 8 years ago, the debtors had attracted investment from big names like Volkswagen AG ($VOW), Goldman Sachs Group Inc. ($GS), and … *checks …