Ambri Inc. is a pre-revenue developer of liquid metal battery technology for grid-scale energy storage, founded in 2010 at MIT by Donald Sadoway and David Bradwell. The company raised approximately $211 million in total funding, including a $144 million Series E in 2021 led by Reliance New Energy Solar and Paulson & Co. Ambri filed for Chapter 11 protection on May 5, 2024 in the District of Delaware (Case No. 24-10952) before Judge Laurie Selber Silverstein after a planned $300 million Series F financing failed when the lead investor backed out and Reliance declined to participate in a bridge financing, leaving an approximately $8 million shortfall. At filing, the company held approximately $2 million in cash and reported approximately $27.1 million in admitted prepetition secured debt. The prepetition secured noteholders provided a $9.5 million DIP facility at 15% PIK interest with roll-up of the prepetition secured indebtedness. Substantially all assets were sold to Ambri Acquisition, LLC through a $9.5 million credit bid approved on July 11, 2024, with the sale closing on July 31, 2024. Portage Point Partners marketed the assets to approximately 125 parties. The selling debtor, renamed Old Mbria Inc., confirmed a liquidating plan on November 19, 2024 (effective December 5, 2024) featuring a $1.5 million opt-in settlement pool for general unsecured creditors funded by DIP lenders from collateral, with non-participating holders receiving no distribution. Triple P RTS, LLC was appointed plan administrator.