Rad Power Bikes reaches deal to sell itself for $13.2M

[Scott Mace]

Rad Power Bikes reaches deal to sell itself for $13.2M

Still needs to be approved by the bankruptcy judge

https://finance.yahoo.com/news/rad-power-bikes-reaches-deal-195633790.html

Scott Mace

[David Whiteman]

What does this mean for the current Rad Power Bikes? Are the owners stuck with e-bikes that explode because the current batteries were recalled by the CPSC? I remember Rad Power Bikes were offering to sell a newer, "safer" battery eat a discount to current Rad Power Bike owners even though they disputed with the CSPC that their current batteries were dangerous. Does the bankruptcy and resale of the assets of the company negate this deal and/or relieve the company of any responsibility about the older bikes.

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