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Topic: Bankruptcy

The company is putting its Dutch operations up for sale. News 

VanMoof Files for Bankruptcy Protection

Adarsh V.K,

VanMoof, an electric bike company, has filed for bankruptcy for all its Dutch entities and is now seeking a buyer within the “next few weeks.” The court of Amsterdam has also lifted the suspension of payment proceedings and appointed two trustees to oversee the potential sale of VanMoof’s assets to ensure the company’s continued operation. The news was initially communicated to Dutch employees via a mass email, which was later shared on Reddit. The bankruptcy filing comes for VanMoof less than two years after it claimed to be the “world’s…

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The purchase includes engines and other components from Virgin’s LauncherOne vehicles. Space 

Firefly Aerospace Acquires Remaining Assets of Defunct Virgin Orbit

Adriana Marais,

Firefly Aerospace has acquired the remaining assets of Virgin Orbit for $3.8 million, marking the end of the defunct satellite-launch company. The purchase by Firefly included the leftovers from a May auction that generated $36 million in Virgin Orbit’s bankruptcy proceedings. The acquisition was reported in June 15th filings in a Delaware bankruptcy court, according to SpaceNews. Firefly Aerospace’s acquired assets include inventory at two former Virgin Orbit manufacturing facilities in Long Beach, California. Among them are engines and other components from Virgin’s LauncherOne vehicles, as well as two other…

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