Polished.com Suspends Operations and Announces Intention to File for Chapter 7 Bankruptcy Protection
29 Februar 2024 - 10:03PM
Business Wire
Polished.com Inc. (the “Company” or “Polished”) (NYSE American:
POL) has suspended its operations. These steps followed a
comprehensive review by the Company’s Board of Directors of
available strategic alternatives, and upon consultation with the
members of the Company’s management, with the assistance of the
Company's legal and financial advisors. The Company anticipates
filing a case under the provisions of Chapter 7 of the Bankruptcy
Code as soon as practicable.
As recently disclosed, following the Notice of Acceleration from
its lenders earlier this month, the Company was working to reach a
resolution with its lenders and exploring multiple paths to obtain
additional financing to sustain operations. Despite working
aggressively to raise capital and improve its liquidity position,
the Company was unable to obtain additional financing.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240229885336/en/
Investor Relations ir@polished.com
Polished (AMEX:POL)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Polished (AMEX:POL)
Historical Stock Chart
Von Jan 2024 bis Jan 2025