Northvolt Gets New Extension to Submit Documents to US Court
A Northvolt site in Gdansk, Poland.
Photographer: Damian Lemanski/BloombergThis article is for subscribers only.
Swedish battery maker Northvolt AB has been granted a second deadline extension to file schedules and statements with a bankruptcy court in the US, according to a ruling on Wednesday seen by Bloomberg News.
The deadline was pushed back almost a month to Feb. 18, US bankruptcy Judge Alfredo Perez said in the statement. In its application for an extension, Northvolt’s legal representatives wrote that the company and its advisors did not have enough time and effort “in the early days” of the Chapter 11 process to prepare the documents because it was focused on soliciting proposals for new funding and divesting non-core businesses.