Revel, a bike company facing severe financial difficulties with over $8 million in secured debt, announced a wind-down process after a bank foreclosure. However, a recent surge in customer support and a promotional sale on remaining inventory sparked hope that the brand may continue. The company acknowledged that the community's encouragement was unexpected and impactful, prompting them to explore avenues for potential revival. They remain focused on liquidating bikes and parts while keeping customers informed during this turbulent period.
The outpouring of support we've received over the past two weeks has been nothing short of incredible. The effort and energy our customers and supporters have shared has meant the world to us.
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