Shared micromobility company Helbiz said it will do a reverse stock split in an attempt to get back into compliance with the Nasdaq, which issued a delisting notice last July because Helbiz’s stock was trading too low. Helbiz is also rebranding to Micromobility.com...
The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding...
Virgin Orbit’s days of slinging satellites into space aboard aircraft-launched rockets have come to an end Thursday. After six years in business, Virgin’s satellite launch subsidiary has announced via SEC filing that it does not have the funding to continue operations...
Electric vehicle startup Canoo has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission, according to a regulatory filing. The SEC began investigating Canoo in May 2021, just a few months after the company merged with special purpose...
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Virgin Orbit is laying off around 85% of its workforce in order to further reduce expenses, after the troubled space company said it was unable to secure additional funding to keep it afloat. The news, which Virgin Orbit filed with the U.S. Securities and Exchange...
