Palantir inventory Is Sliding. thought of one of Its Investments simply Went Bankrupt.


inventory is coming underneath promoting stress amid factors regarding the implications of a chapter eleven chapter submitting final week by

quick Radius

a supplier of cloud-based mostly manufacturing and current chain computer software. 

quick Radius (ticker: FSRD) went public in February through a merger with a SPAC, or particular-purpose acquisition agency, acknowledged as ECP Environmental progress alternatives Corp. In a financing associated to the deal, quick Radius raised further money through a PIPE, or public funding in private equity offering. As a aspect of that deal, Palantir invested $20 million, buying for 2 million quick Radius shares at $10 every.


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