Meyer Burger Group, a Switzerland-based solar technology manufacturer, has advanced its restructuring process through insolvency proceedings and approved asset sales. The group confirmed the continuation of a provisional debt moratorium for Meyer Burger Technology AG, Meyer Burger Switzerland AG, and Meyer Burger Research AG after concluding that a rescue of the parent company was no longer feasible. SIX Exchange Regulation AG initiated delisting proceedings for Meyer Burger’s registered shares and also extended the deadline for submitting the company’s 2024 annual report. US Bankruptcy Judge Craig T. Goldblatt approved the September 5 sale of the bulk of US assets, with Waaree Solar Americas acquiring production equipment for $18.5 million in cash and Babacomari Solar North purchasing solar cell assets through a $10.2 million credit bid. Together, the transactions amounted to $29 million and allowed for the transfer of operational assets to industry peers. While insolvency proceedings in Germany and Switzerland resulted in widespread layoffs and delisting measures, the asset sales ensured continuity for equipment and facilities under new ownership.