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Water Ways files bankruptcy for subsidiary, halts operations, explores new business options

Company Fundamentals
22 May 2026
Accesswire
View Source
Bearish
pluang ai news

Water Ways Technologies announced that its subsidiary Heartnut Grove WWT Inc. has filed for voluntary bankruptcy, leading to the cessation of its Canadian and Israeli operations. The company no longer generates revenue and is conducting a strategic review to explore options such as mergers, acquisitions, or new business ventures to enhance shareholder value. Additionally, Ronnie Jaegermann resigned from the company. Water Ways is focused on preserving corporate value while seeking new opportunities, but there is no guarantee any transaction will occur.

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Lululemon backs French startup Syntetica's $30M Series A to recycle hard-to-reuse nylon for sustainable fashion.

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Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...

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Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

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Japan's top robotics firms join NVIDIA Cosmos to advance AI-driven intelligent machines.

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4 hours ago
Oil prices surge toward $90 as US-Iran tensions and Strait of Hormuz risks escalate.

Oil prices surge toward $90 as US-Iran tensions and Strait of Hormuz risks escalate.

Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...

Market News
Bullish
4 hours ago
US to impose 25% tariff on Brazilian ethanol next week, citing unfair trade practices

US to impose 25% tariff on Brazilian ethanol next week, citing unfair trade practices

The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...

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