Despite Promising Start, Drone Darling Doesn’t Make the Cut
PrecisionHawk is in pretty bad shape, despite a recent purchase by Euro company Field Group, to the point they have filed for Chapter 7 bankruptcy. The firm is apparently $17 million in debt, with about a quarter million in overdue rent for its Glenwood, North Carolina headquarters. The situation was the subject of an announcement from PrecisionHawk's interim CEO Krister Pederson.