Lumileds Receives Court Approval of First Day Motions
Obtains Interim Approval to Access up to $275 Million of DIP Financing Court Approves Payments to Trade Creditors in Ordinary Course Global Operations Continue in Normal Course with Customers, Vendors, Suppliers, and Employees SAN JOSE, Calif.–(BUSINESS WIRE)–Lumileds Holding B.V. (“Lumileds” or the “Company”), a global leader in innovative lighting solutions, announced today that it has […]
Foundation Automotive Acquires First Mercedes-Benz Dealership, Expanding Wichita Falls Platform
WICHITA FALLS, Texas–(BUSINESS WIRE)–Today, Foundation Automotive Corp. added its first Mercedes-Benz dealership to the Wichita Falls platform. The success of the eight stores they acquired back in May had Foundation itching for more! Mercedes-Benz of Wichita Falls is an extremely welcome addition as the ninth store in Wichita Falls, and number 36 for Foundation Automotive. […]
ChargePoint reports second quarter fiscal year 2023 financial results
Second quarter fiscal 2023 revenue of $108 million exceeds top-end of quarterly guidance; ChargePoint re-affirms annual guidance Revenue grew 93% year-over-year as the Company posted its first $100 million quarter GAAP and Non-GAAP gross margin improved 2 percentage points quarter-over-quarter ChargePoint guides to third quarter fiscal 2023 revenue of $125-$135 million and confirms full-year revenue […]
Cepton, Inc. Announces New Investment Intent for Up To $100 Million from Koito Manufacturing
SAN JOSE, Calif.–(BUSINESS WIRE)–$CPTN #automotive–Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced that it has received a non-binding Letter of Intent dated August 29, 2022 (“LOI”) for an investment of up to $100 million from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing […]
Lightning eMotors Enters into a Purchase Agreement for up to $50 Million with Lincoln Park Capital
LOVELAND, Colo.–(BUSINESS WIRE)–Lightning eMotors, Inc. (NYSE: ZEV), a leading provider of zero emission medium-duty commercial vehicles and electric vehicle technology for fleets, today announced that the Company has entered into a purchase agreement and registration rights agreement (together, the “Agreement”) for up to $50 million with Lincoln Park Capital Fund, LLC (“Lincoln Park”). Under the […]
