BROWSING: receivership
Bankruptcy and $150m of debt – Sigfox’s American dream dies (as French sale closes)
Sigfox USA has filed for Chapter 7 bankruptcy in a Delaware bankruptcy court, owing almost $150 million in unsecured debt. The filing, on March 31, is separate from its parent’s receivership and sale in France, which is set to conclude tomorrow (April 5). At...
Troubled IoT firm Sigfox plunged into rapid three-week auction – sale closes Feb 25
The court-appointed receivers in charge of France-based ultra-narrowband IoT technology company Sigfox have initiated a competitive bidding process for the company’s various technology assets, customer accounts, and going-concerns, including its France based Sigfox network operation. The auction, to recover funds in default and potentially...
Sigfox placed into receivership in France – with six months to find buyers, save jobs
Sigfox has been placed into receivership in France, with a six month window to find a new owner. The company’s chief executive, Jeremy Prince, instructed the Toulouse Commercial Court to open the procedure yesterday (January 26), to place Sigfox, as well as local Sigfox...