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Magnis Energy Technologies Limited ( (AU:MNS) ) has shared an update.
Magnis Energy Technologies Ltd announced that IM3NY, a company in which it holds an equity interest, has emerged from Chapter 11 bankruptcy protection following a dismissal order from the Delaware Bankruptcy Court. Although Magnis retains its equity interest, it does not have representation on the IM3NY board, which may affect its influence over the company’s future direction.
More about Magnis Energy Technologies Limited
Magnis Energy Technologies Ltd is a vertically integrated company in the lithium-ion battery technology and materials sector, focusing on the lithium-ion battery supply chain. The company aims to support and accelerate the mass adoption of electric mobility and renewable energy storage, which are critical for the green energy transition.
Technical Sentiment Signal: Sell
Current Market Cap: A$50.38M
For an in-depth examination of MNS stock, go to TipRanks’ Overview page.