In wake of big asset sale, Austin company brings in funding, restructures with bankruptcy

P10 Industries Inc., the Austin company that was known as Active Power Inc. until selling off its assets in late 2016, is restructuring as a way to generate a return for its new investors.
Dallas-based 210 Capital has agreed to invest about $4.7 million for a 48 percent stake in P10, which has filed for Chapter 11 bankruptcy protection, the company announced late last week.
210 Capital will also provide up to $10 million so P10 can search for acquisitions as a way to make money off the intellectual…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/03/28/in-wake-of-big-asset-sale-austin-company-brings-in.html?ana=RSS%26s=article_search

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