March 22, 2017 / 9:53 PM / 8 months ago

BRIEF-P10 Industries files for reorganization under Chapter 11

March 22 (Reuters) - P10 Industries Inc

* P10 Industries Inc.,formerly Active Power Inc., files for reorganization under Chapter 11, announces new investor, while preserving shareholder value

* P10 Industries Inc says Dallas-based 210 capital will invest $4.654 million cash in P10 in exchange for shares of company’s common stock

* P10 Industries Inc - in addition, 210 capital will provide up to ten million dollars of financing to be used for acquisitions

* P10 Industries Inc - company filed its voluntary Chapter 11 petition and plan in U.S. bankruptcy court for western district of Texas in San Antonio

* P10 Industries - under plan, will also be shedding all of its contingent liabilities, including obligations under lease of its former headquarters facility

* P10 Industries Inc says in connection with filing, co entered into a restructuring support agreement with 210/P10 Investment, LLC

* P10 Industries - in connection with filing co entered into restructuring support agreement with Langley Holdings, acquirer of P10’s former operations Source text for Eikon: Further company coverage:

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