Troubled US battery supplier Valence Technology is emerging from bankruptcy after 15 months, but no longer as public company. The US Bankruptcy Court for the Western District of Texas has approved the company's exit plan and Valence has now closed on a US$20m loan provided by its new owner, Berg & Berg Enterprises, LLC. Subscribe … Continued
Troubled US battery supplier Valence Technology is emerging from bankruptcy after 15 months, but no longer as public company. The US Bankruptcy Court for the Western District of Texas has approved the company's exit plan and Valence has now closed on a US$20m loan provided by its new owner, Berg & Berg Enterprises, LLC.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Subscribe
Already a member?
https://www.automotiveworld.com/articles/valence-emerges-berg-ownership/
Join our LinkedIn Group
Let us help you understand the future of mobility
