Reports indicate IM3 acquired $200 million worth of assets for $5 million, page-11

Lets not get side tracked boys... this thread was about buying US$200M worth of Battery making equipment  for only $5Mill

https://www.pressconnects.com/story...tery-manufacturer-imperium-3-alevo/364521002/

Imperium3 NY, a lithium-ion battery company based at the Huron campus, will fast-track local production with the acquisition of almost-new equipment from a bankrupt North Carolina company.
The start-up announced it is buying the entire contents of the former Alevo battery plant in Concord, North Carolina, for pennies on the dollar and moving the entire operation to Endicott. Published reports indicate Imperium acquired $200 million worth of assets for $5 million in a bankruptcy auction.