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Vector Launch Files For Chapter 11 Bankruptcy

socalTECH

Vector Launch , a startup which was developing rockets for small satellite launches which had its engineering headquarters in Huntington Beach, has filed for Chapter 11 bankruptcy, and will sell some of its assets to Lockheed Martin, according to legal filings from the firm on Friday. The company also has laid off most of its 150 or so staff.

SpaceX 154
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A New Chapter for Startup San Diego’s Executive Director, Alexa-Rae Navarro

Startup San Diego

The post A New Chapter for Startup San Diego’s Executive Director, Alexa-Rae Navarro appeared first on Startup San Diego.

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XCOR Aerospace Files For Chapter 7

socalTECH

Mojave-based XCOR Aerospace has filed for Chapter 7 bankruptcy, and will be liquidated, according a court filing by the company filed last week. XCOR had been one of a number of companies in Southern California pursuing the commercial space market.

Layoffs 113
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Mad Catz Files For Chapter 7 Bankrupcy

socalTECH

San Diego-based gaming accessory maker Mad Catz Interactive has filed for Chapter 7 bankruptcy, with PricewaterhouseCoopers being assigned the trustee of the company. According to Mad Catz, it has ceased operations, and all of its directors and officers have resigned from the company.

San Diego 113
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FTD Files Chapter 11: Long, Complex Path Through SoCal's Tech Industry

socalTECH

In long, complicated path that wound through Southern California's high tech industry, flower delivery network operator FTD has filed for Chapter 11 bankruptcy. FTD also agreed to sell both its North American and Latin American businesses to private equity investor Nexus Capital Management , in a move that includes San Diego-based Proflowers.

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Nirvanix Files For Chapter 11 Bankruptcy

socalTECH

San Diego-based cloud storage company Nirvanix said Thursday that it has officially filed for Chapter 11 bankruptcy protection. According to the company, the filing was made October 1st. The company said it filed for bankruptcy protection "in order to pursue all alternatives to maximize value for its creditors".

San Diego 147
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Conexant Systems Files For Chapter 11 Bankruptcy

socalTECH

Newport Beach-based semiconductor developer Conexant said this morning that it has filed for Chapter 11 Bankruptcy, and is in a financial restructuring, which it says will significantly reduce its debt and improve its capital structure.

Equity 180