Clarissa Hawes
Monday, October 23, 2023
Amid legal woes, Slync seeks alternative to bankruptcy, winds down operations
While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.