30 Jan '12, 11pm

Ener1 files for bankruptcy, agrees to restructure $81 million in debt

ENER1, INC. REACHES AGREEMENT WITH PRIMARY INVESTORS AND LENDERS ON PLAN TO REDUCE DEBT AND SECURE NEW EQUITY FUNDING TO SUPPORT ITS LONG-TERM BUSINESS STRATEGY Receives Commitments for up to $81 Million to Recapitalize Company for Continued Operations Initiates Pre-Packaged Chapter 11 Proceedings to Implement Restructuring NEW YORK (January 26, 2012) -- Ener1, Inc. (OTC: HEVV) (the "Company") today announced that it has reached agreement with its primary investors and lenders on a restructuring plan that will significantly reduce its debt and provide up to $81 million to recapitalize the Company to support its long-term business objectives and strategic plan. To implement this restructuring plan, the Company has voluntarily initiated a "pre-packaged" Chapter 11 case in U.S. Bankruptcy Court in the Southern District of New York, in which it is requesting that the Court con...

Full article: http://green.autoblog.com/2012/01/30/ener1-files-for-bank...

Tweets

Electric-Car Battery Maker Ener1 Files For Bankruptcy, But Isn't Dead: Another firm to take advantage of US Depa...

Electric-Car Battery Maker Ener1 Files For Bank...

greencarreports.com 30 Jan '12, 1pm

Ener1 wasn’t first choice as battery supplier to the 20-year-old company either. In fact, by the time Ener1 had been named...

Ener1 Files for Bankruptcy; Will Indiana Governor Mitch Daniels Get Thrown ...: Under President Barack Obama's e...

Ener1 Files for Bankruptcy; Will Indiana Govern...

plugincars.com 27 Jan '12, 3pm

In Dec. 2010, Gov. Mitch Daniels today accepted delivery of 15 Think City all-electric vehicles to be used in the Indiana ...

Marina Bay Sands goes to court to get back $1 million from 2 debtors

Marina Bay Sands goes to court to get back $1 m...

straitstimes.com 31 Jan '12, 3am

CASINO operator Marina Bay Sands (MBS), seeking to recover about $1 million in debts from two gamblers, wants to grill one...

Why Ener1 Went Bankrupt

Why Ener1 Went Bankrupt

spectrum.ieee.org 27 Jan '12, 3pm

It’s hard to deny that when Ener1 announced that it had built “a pilot nanotechnology-based manufacturing facility to fabr...

The heat trapped by global warming equals 1 mil...

grist.org 30 Jan '12, 7pm

“The radiative forcing of the CO2 we have already put in the atmosphere in the last century is … the equivalent in energy ...

Google: Robots.txt Files Must Be Smaller Than 5...

seroundtable.com 30 Jan '12, 2pm

Google's John Mueller reminds webmasters on his Google+ page that Google has a limit of only being able to process up to 5...