Green Construction Startup Nexii Seeks US Bankruptcy Protection

Nexii Building Solutions Inc., a Canadian construction company that designs and builds low-emission buildings, has sought a form of US bankruptcy less than three years after becoming the country’s fastest startup to reach “unicorn” status.

Nexii and affiliates filed for Chapter 15 protection Thursday in Delaware after seeking a form of bankruptcy protection in Vancouver, British Columbia, according to court documents. Chapter 15 is used by foreign companies to pause lawsuits and shield corporate assets housed in the US from creditors.

The court filing comes after Nexii said in 2021 that it had become the fastest Canadian startup to ...