Construction startup Katerra files for bankruptcy: WSJ

Construction startup Katerra Inc, which is backed by SoftBank, has filed for bankruptcy, reported the Wall Street Journal.

Construction startup Katerra Inc, which is backed by SoftBank, has filed for bankruptcy, reported the Wall Street Journal. Citing a filing, the news outlet noted that “Katerra said its financial condition had deteriorated rapidly, partly because the company couldn’t get construction projects bonded or secure additional capital following the ‘unexpected bankruptcy filing of Katerra’s former lender.'”

Source: WSJ