Magnis Energy Technologies' Unit to Sell Assets for $10 Million

MT Newswires Live

2025/04/01

Magnis Energy Technologies (ASX:MNS) said the Delaware Bankruptcy Court approved the sale of unit IM3NY's assets to Musashi Auto Parts Michigan for a stated consideration of $10 million, with the sale to close on April 4, according to a Tuesday Australian bourse filing.

The company said it is presently not aware of the exact sale price or disposition of the proceeds, the filing said.

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