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Magnis Faces Uncertainty as IM3NY Files for Chapter 11 Bankruptcy Protection
7:03pm on Monday 2nd of June, 2025 AEST
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Energy
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Magnis Faces Uncertainty as IM3NY Files for Chapter 11 Bankruptcy Protection
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
IM3NY LLC and Imperium3 New York Inc file for Chapter 11 bankruptcy
Chapter 11 allows debt reorganization while maintaining business operations
Magnis commits to ongoing updates as situation develops
Potential implications for Magnis’ lithium-ion battery supply chain
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MAGNIS ENERGY TECHNOLOGIES (ASX:MNS)
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