Rad Power Bikes Files for Bankruptcy, Hoping to Sell the Company

Rad Power Bikes files for bankruptcy, hoping to sell the company

Rad Power Bikes has filed for Chapter 11 bankruptcy protection, marking a dramatic turn for one of the most recognizable...

$73 million in debt and looking to sell: Rad Power Bikes files for Chapter 11 bankruptcy protection amid mounting pressures

Management aims to restructure its finances and sell the company within the next 45 to 60 days

Rad Power Bikes files for bankruptcy protection

UPDATED with Rad Power Bikes comment.SEATTLE (BRAIN) — Rad Power Bikes filed for Chapter 11 bankruptcy protection Monday in advance of completing a sale of the company and less than a month after it said it could not afford a recall on some of its older lithium-ion batteries that the Consumer Product Safety Commission deemed unsafe. Filed in the U.S. Bankruptcy Court for the Eastern District of Washington, Rad Power Bikes listed estimated assets…