Bird E-Scooter Company Files for Chapter 11 Bankruptcy, Secures $25 Million Loan for Restructuring

Bird E-Scooter Company Files for Chapter 11 Bankruptcy, Secures $25 Million Loan for Restructuring

Now, Bird’s looking to make the most out of a tough situation. They’re talking about a “stalking horse” agreement, which sounds kind of wild. Basically, they’re setting up a fancy auction for their assets. The current money backers will throw out a starting bid, and in the next few months, other big shots can jump in and toss their offers into the ring.