Assignment for the Benefit of Creditors Archives

Stapleton Named Assignee of Romeo Power

07.6.23

Romeo Power, a battery-maker purchased by electric-truck maker Nikola (Nasdaq:NKLA) in October 2022, was transferred to assignee SG Service, an affiliate of Stapleton Group, Inc. in an Assignment for the Benefit of Creditors. According to the Wall Street Journal, Nikola purchased Romeo Power in October 2022 to reduce bottlenecks in electric truck production. Struggling from […]

Stapleton Group Helped Bank Recover $33.5MM

10.29.20

After discovering a $10+ million over-advance on a borrower’s line of credit, a bank retained Stapleton Group as its Financial Advisor to investigate, and then to help optimize its financial recovery. The borrower was a 45-year old, family-owned food wholesaler serving national accounts from operations in multiple states. Its liquidity problems started after installing a […]