Grocery Automation Biz Files Ch. 11 With $13M In Debt

By Rick Archer (May 30, 2024, 7:04 PM EDT) -- E-grocery automation system maker Takeoff Technologies filed for Chapter 11 protection Thursday in Delaware bankruptcy court with nearly $13 million in debt, saying that, after eight years in business, it had been unable to generate the cash flow it needed to turn a profit....

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