Brief: Steer Provides Corporate Update And Announces Restructuring Of Business Units

Argo

23/05/2024 12:03

Steer Technologies Inc  STER.V :
    * STEER PROVIDES CORPORATE UPDATE AND ANNOUNCES
RESTRUCTURING OF
BUSINESS UNITS
    * STEER TECHNOLOGIES INC -IMPLEMENTATION OF SEVERAL
STRATEGIC
INITIATIVES DESIGNED TO RESTRUCTURE REMAINING BUSINESS UNITS AND
ASSETS IN STEER STRUCTURE
    * STEER TECHNOLOGIES INC - SHUT DOWN ITS ELECTRIC VEHICLES
(EV)
SUBSCRIPTION BUSINESS OPERATIONS IN CANADA AND UNITED STATES
    * STEER TECHNOLOGIES INC - SUBSIDIARIES, INCLUDING STEER EV
CANADA
INC. AND STEER HOLDINGS LLC, WILL BE DISSOLVED IN COMING
QUARTERS
    * STEER TECHNOLOGIES INC - SHUT DOWN OPERATIONS OF ALL ITS
RIDESHARE AND FOOD DELIVERY BUSINESS UNITS
    * STEER TECHNOLOGIES- ACTIVELY SEEKING BUYERS FOR TECHNICAL
INTELLECTUAL PROPERTY RELATED TO RIDESHARE, FOOD DELIVERY, STEER
EV AND ECOCRED SOLUTIONS

Source text for Eikon:  ID:nCNW1X7fza 
Further company coverage:  STER.V