The assets of Nitride Solutions Inc. were sold this week as part of a Chapter 11 bankruptcy filing by the Wichita, Kansas based startup.
Jeremy Jones, Nitride Solutions CEO
“The creditor removed their objection and yesterday the Court approved the sale of NSI’s assets to Nitride Global Inc.” Nitride Solutions CEO Jeremey Jones told the 4thEst8. The company filed for bankruptcy in Kansas’ 10th Circuit on June 9th.
The 4thEst8 couldn’t find much information on the buyer, Nitride Global Inc. The company appears in online documents that show it’s a Delaware corporation that was formed October 26, 2021.
4thEst8 readers first heard about Nitride Solutions this spring when it landed a Phase I SBIR grant from the Air Force to develop products to combat air-borne pathogens – notably SARS-CoV-2. The small Wichita, Kansas based company got its start in 2009 making aluminum nitride products used to address problems in electronics.
According to Chrunchbase, Nitride Solutions has raised a total of $8 million in funding, most recently a $2.75 milllion round in May of 2017 led by Leawood Venture Capital and Nelnet. Other investors include Johnson Venture Partners, Aurora UV, Mid-America Angels, Nebraska Angel Network, and SeedStep Angels. The Wichita, Kansas based company was founded in 2009 and has nine full time employees.
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On the 4thEst8:
Air Force thinks this startup can kill airborne COVID
