[Chart Pattern Trading]  - Altria Group Inc MO-backed Juul Labs Inc is reportedly in talks with top-notch investors, including Nick Pritzker and Riaz Valani. They are considering putting money into the company to potentially stave off a bankruptcy filing.
- Messrs. Pritzker and Valani were early investors in Juul, have been longtime directors, and are among the companyâs largest shareholders.
- The deal hasnât been finalized, and Juul could decide not to pursue it, Wall Street Journal reported.
- The e-cigarette maker has been preparing for a potential chapter 11 filing.
- Juul hired bankruptcy advisers Kirkland & Ellis and Alvarez & Marsal in June after the FDA banned Juul products on U.S. shelves, citing a lack of evidence demonstrating their overall safety.Â
- In a statement to the WSJ, Juul said it continues to explore several strategic options to secure its business and address the impact of the FDAâs stayed order âas we fight to preserve our mission of transitioning adult smokers away from cigarettes while combating underage use.â © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. The information provided is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are from 3rd parties, claims have not been independently verified by us, and we have not been compensated in any way to review the companies or symbols mentioned. [Read the original article here.]( sponsored ads below Â
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Digiclicks Ltd - Registered Office Address
67 Fort Street, Artemis House
Grand Cayman, KY1-1111, Cayman Islands. Unit 2775 Digiclicks Ltd - Mailing Address
2423 SW 147th Ave # 790
Miami, FL 33185, USA
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