PrecisionHawk, a Raleigh, North Carolina-based developer of commercial drones, is shutting down. In mid-December 2023, the company voluntarily filed for Chapter 7 bankruptcy. Filing for Chapter 7 bankruptcy indicates a company no longer has plans to continue operating. According to the filing, PrecisionHawk has about $17 million of debt and assets of about $3.8 million. According […]PrecisionHawk Files for Bankruptcy
PrecisionHawk, a Raleigh, North Carolina-based developer of commercial drones, is shutting down. In mid-December 2023, the company voluntarily filed for Chapter 7 bankruptcy. Filing for Chapter 7 bankruptcy indicates a company no longer has plans to continue operating. According to the filing, PrecisionHawk has about $17 million of debt and assets of about $3.8 million. According […]