Electriq Power Holdings, Inc. Announces Chapter 7 Bankruptcy Filing
May 03 2024 - 5:47PM
Business Wire
Electriq Power Holdings, Inc. (“Electriq” or “Company”)
(NYSE/OTC:ELIQ), a trusted provider of intelligent energy storage
and management solutions for homes and small businesses, today
announced the Company has filed a voluntary petition for relief
under Chapter 7 of the U.S. Bankruptcy Code. The filing with the
U.S. Bankruptcy Court for Delaware will result in federal
appointment of a bankruptcy trustee to liquidate the Company's
assets and distribute any proceeds.
The filing follows an investigation conducted by the Board of
Directors, which concluded it is in the best interest of the
Company and its investors, creditors, former employees, and other
interested parties to file for Chapter 7 relief.
About Electriq Power
Electriq (NYSE/OTC:ELIQ), founded in 2014 in Silicon Valley,
provides turnkey intelligent energy storage and management
solutions for homes and small businesses. Electriq’s solutions
deliver always-available, low-cost clean energy, even during
intermittent outages and inclement weather. Those solutions enable
cities, municipalities, and utilities to provide their constituents
with a path to sustainable and resilient sources of energy,
regardless of socio-economic status.
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Media enquiries for Electriq: media@electriqpower.com
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