Scooter Company Bird Global Files Bankruptcy to Sell Itself (1)

Bird Global Inc., the company that put electric scooters onto the sidewalks of major cities, filed for bankruptcy with a plan to sell itself two years after raising $414 million from shareholders.

The Miami based company listed assets and liabilities of between $100 million and $500 million in its Chapter 11 petition. The filing in US Bankruptcy Court in Miami protects the company from creditors while it develops a plan to pay them off.

A group of Bird’s lenders have agreed to loan the scooter firm money to help pay for its reorganization and the company has a tentative ...