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 […]

Lumileds Announces Agreement with Requisite Lenders on the Terms of a Comprehensive Financial Restructuring to Accelerate Long-Term Growth

Transaction Will Result in Strong Liquidity Position and Significant De-leveraging Through Debt Reduction of $1.3 Billion To Implement Restructuring Plan, Lumileds Commences Voluntary Prepackaged Chapter 11 Proceedings, Limited to United States and Netherlands Operations None of Lumileds’ Operations Outside of the United States and the Netherlands Are Included in the Chapter 11 Process Receives Commitments […]

Carma Technology Corporation (Carma) Announces Formation of Advisory Council

Nationally recognized transportation and technology executives to guide strategic growth and innovation AUSTIN, Texas–(BUSINESS WIRE)–Carma Technology Corporation (Carma), the leading provider of smartphone-based road pricing technology, announces the appointment of an Advisory Council to provide strategic direction after winning several new statewide contracts. Carma CEO Lawrence Mulligan says, “In order for Carma to create a […]

Philip Richter, Co-Chairman and President of Hollow Brook Wealth Management to Display Legendary 1933 Packard at Historic Festival 40

KATONAH, N.Y.–(BUSINESS WIRE)–Hollow Brook Wealth Management LLC (“Hollow Brook”), a leading independent and full-service wealth management firm, today announced that its Co-Chairman and President, Philip Richter will be attending the Historic Festival 40 at Lime Rock Park and will be displaying his 1933 Packard Twelve Dietrich Victoria at this year’s Concours and Gathering of the […]

Carvana Brings New Co-Signer Financing Option to Durham Customers

Customers Can Now Easily Add a Co-signer When Financing with Carvana PHOENIX–(BUSINESS WIRE)–Carvana (NYSE: CVNA), the industry pioneer for buying and selling used cars online, makes its vehicle financing qualification process even easier by offering Durham residents the ability to add a co-signer to buy the vehicle they love. By sharing responsibility for the vehicle […]