🔋New Chapter 11 Bankruptcy Filing - Ambri Inc.🔋

Bill Gates investment goes south.

On May 5, 2024, MA-based Ambri Inc. (the “debtor”) filed a chapter 11 bankruptcy case in the District of Delaware (Judge Silverstein). The debtor is, despite being founded in 2010, a pre-revenue “Liquid Metal” battery technology company “…working to become a leading global provider of long-duration, grid-scale, energy storage that can solve the most critical issues facing today’s electricity grid and enable wide-spread adoption of intermittent renewable energy as a 24-7 power source.” Is it odd that we read that description of the debtor’s product and literally all we could think about was this guy ⬇️?