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Technology / AI and automation

BOLT TECHNOLOGY MAY FILE FOR CHAPTER XI BANKRUPTCY PROTECTION

Storage parts maker Bolt Technology Corp says it is in default on $1.075m of debt capital repayment due on April 21, and if the bank won’t agree to restructure the debt, it may have to file for Chapter XI bankruptcy protection: three of the four outside directors have resigned, and the bank has declared the entire $6.7m debt due.

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CBR Staff Writer

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