iPix Files for Protection, Ceases Operations
RESTON, Va. – iPix, a provider of 360° cameras and “immersive technology,” filed Chapter 7 bankruptcy protection on July 31 with the U.S. Bankruptcy Court, Eastern District of Virginia.
The iPix announcement, made on Aug. 2, came on the heels of the resignation of three iPix board members: Laban Jackson, director and member of the audit committee, resigned on July 6; Director Andrew Seamons resigned on July 17; and David Wilds, chairman, resigned July 19.
According to the Washington Business Journal, iPix reported a loss of $3.8 million during the first quarter of this year.
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