OpenWeb reportedly seeks insolvency protection amid cash-flow crisis
Calcalist reports that OpenWeb, a former Israeli unicorn, faces a cash-flow crisis. The company says a lender's seizure of $7.3 million in overseas bank accounts derailed a planned $14 million capital injection.
TLDR
Calcalist reports that OpenWeb is seeking insolvency protection. The company says a lender's seizure of $7.3 million in overseas bank accounts derailed a planned $14 million capital injection.
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