ESS Tech ceases operations, files for Chapter 7 bankruptcy
Arsgera
ESS Tech (GWHT) disclosed Friday it filed for Chapter 7 bankruptcy and ceased operations after considering all strategic alternatives.
The company's products had included sodium-ion batteries, which it said "provide a safer, more robust, and sustainable alternative to lithium-ion technology for short- and medium-duration energy storage" and reduce reliance on constrained critical minerals.
ESS Tech (GWHT) shares have traded over the counter after the stock was delisted from the NYSE early last month, and the stock closed at $0.07 on Friday.
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