Update on Unity Aluminum in KY (formerly Braidy Industries) that did a deal w/Oleg Deripaska's Rusal & received $15 million from the state of KY
After missing many financing/production goals a KY senator is pushing for Unity to repay $15mil, HT D. Delany
courier-journal.com/story/news/pol…
After missing many financing/production goals a KY senator is pushing for Unity to repay $15mil, HT D. Delany
courier-journal.com/story/news/pol…
In March there was a report that Deripaska’s Rusal had suspended investments in Unity Aluminum in Kentucky after investing $65 million of projected $200 million
https://twitter.com/WendySiegelman/status/1372346047243096072?s=20
This is a strange deal Unity Aluminum did in 2020 HT D. Delany
In 2018 then-Braidy Industries acquired Veloxint for $29 million and invested another $21mil in them
In 2020 Unity Aluminum sold Veloxint to hedge fund Clearbrook Global for approx $1 mil🤔
dailyindependent.com/news/buyer-con…
In 2018 then-Braidy Industries acquired Veloxint for $29 million and invested another $21mil in them
In 2020 Unity Aluminum sold Veloxint to hedge fund Clearbrook Global for approx $1 mil🤔
dailyindependent.com/news/buyer-con…
Clearbrook created a fund headed by John T. Preston an ex director of Braidy
Preston had prior successes but also had past litigations including swindling a Swiss heiress and playing a part in 1990s start-up that had allegations of civil securities fraud
dailyindependent.com/news/buyer-con…
Preston had prior successes but also had past litigations including swindling a Swiss heiress and playing a part in 1990s start-up that had allegations of civil securities fraud
dailyindependent.com/news/buyer-con…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
