Fast Radius, Inc. announced that the U.S. Bankruptcy Court for the District of Delaware has approved all of the first-day motions related to the company’s voluntary chapter 11 petitions filed on Nov. 7, Globe Newswire reported. The ruling enables Fast Radius to continue operations in the normal course including maintaining employee payroll and health benefits, paying vendors for all post-petition goods and services, continuing all customer programs, and other programs that are essential to continuing the business without disruptions. In addition, the court set a hearing for Nov. 14 to consider the company’s sale and marketing procedures motion which lay out the timeline and criteria for bids to be received including a proposed bid deadline of Dec. 5.
