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Benzinga
Benzinga
World
The Bamboo Works

Luckin Coffee Nears Major Milestone with Imminent Emergence From Bankruptcy

Luckin Luckin Coffee United States Starbucks

Key Takeaways:

  • Luckin Coffee said the liquidators handling its U.S. bankruptcy have formally filed to close the case after a recent settlement with holders of $460 million of its convertible notes
  • Development could pave the way for company to relist on the Nasdaq, though the U.S. securities regulator could face pressure to veto such a move
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