Tpi Composites, Inc. shares rise 82.05% intraday after securing access to liquidity and financial flexibility in Chapter 11 process.

Tpi Composites, Inc. rose 82.05% intraday, with the company securing access to liquidity and financial flexibility as the U.S. Bankruptcy Court approved all first-day motions filed by the Company in connection with its voluntary chapter 11 proceedings. The approvals provide the Company with the operational flexibility and liquidity necessary to continue normal business operations during the chapter 11 process.