Jervois Global Begins US Chapter 11 Proceedings

MT Newswires Live

2025/01/29

Jervois Global (ASX:JRV) said the firm and certain of its affiliates initiated the prepackaged US Chapter 11 Proceedings, according to a Wednesday Australian bourse filing.

It added that its shares were suspended from trading on the Australian Securities Exchange, as well as in Canada and the US, as it undergoes the proceedings.

According to a Jan. 15 filing, the company reached a funding and recapitalization agreement with Millstreet Capital Management. This agreement will provide $145 million of new pre- and post-recapitalization equity capital to fund the business.

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