Asset-sale is a topic tracked in our intelligence system with 5 linked articles.
Allbirds pivots from footwear to AI via NewBird AI, aims to raise $50M to become GPUaaS/AI cloud provider after selling assets for $39M; stock reportedly jumped 600%; prior IPO valued at $4B with declining sales.
Allbirds sold for $39M, roughly one-tenth of the approximately $390M raised in its 2021 IPO, illustrating a dramatic valuation collapse.
MicroVision bids $33 million for Luminar's lidar unit in bankruptcy, beating Quantum Computing Inc.'s bid by $5 million.
Rad Power Bikes' assets are up for sale at $13.2M with Life Electric Vehicle Holdings as the top bidder; plans for the assets are unclear.
Rad Power Bikes files for bankruptcy and plans to sell the business.
NASA and USPS stopped using Canoo EVs after Canoo’s financial troubles; NASA had 3 vans (2023) for Artemis but now leases Boeing’s Astrovan, USPS completed an evaluation of 6 vehicles and indicates no further investments, while Canoo’s assets were sold to Tony Aquila for $4M in 2025 amid bankruptcy and ongoing regulatory considerations about foreign ownership and approvals.
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