Magnis Energy Technologies' US Units File for Chapter 11 Bankruptcy

MT Newswires Live

2025/01/28

Magnis Energy Technologies (ASX:MNS) said its US units, IM3NY and Imperium3 New York, have filed for Chapter 11 bankruptcy protection under the US Bankruptcy Code, according to a Tuesday filing with the Australian bourse.

The Chapter 11 filing allows the companies to restructure their debts while continuing operations in a bid to return to profitability, the filing said.

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