Braidy Industries must raise $300M in 4 months or risk losing $100M from Russian company.
According to reports, Braidy Industries has about four months to raise $300 million in equity capital to help finance a $1.7 billion aluminium rolling mill in Eastern Kentucky — or risk losing a sizeable investment it already has secured. In a U.S. Securities and Exchange Commission filing made this week, Braidy Industries detailed its agreement with United Co. Rusal. The company recently announced plans to invest $200 million in Braidy's planned aluminium rolling mill. Rusal — which was under U.S. sanctions until earlier this year — went public in April with its intention to buy a 40% stake in the…