Thrasio Files For Chapter 11 Bankruptcy Protection
Thrasio, a prominent U.S. start-up known for its e-commerce aggregation strategy, has made headlines by filing for Chapter 11 bankruptcy protection. This move comes as the company aims to address its substantial debt burden, with an emergency $90 million in financing secured from existing lenders to support its operations during this process. Key Takeaway Thrasios Chapter 11 bankruptcy filing underscores the challenges faced by growth-stage tech companies in sustaining their operations and financial viability....