Brief: Bioservo Is Proposed To Enter Into Liquidation
27/11/2023 07:38
Nov 27 (Reuters) - Bioservo Technologies AB BIOSE.ST :
* BIOSERVO IS PROPOSED TO ENTER INTO LIQUIDATION
* BOARD OF DIRECTORS WILL PROPOSE TO SHAREHOLDERS THAT
COMPANY
ENTERS INTO VOLUNTARY LIQUIDATION
* SALES OF IRONHAND® HAVE NOT MET EXPECTATIONS
* WILLINGNESS TO INVEST IN COMPANY'S TECHNOLOGY IN NEAR
FUTURE IS
DEEMED LOW
* SALES HAVE NOT TAKEN OFF IN NEW MARKETS WHERE
REIMBURSEMENT
SYSTEMS ARE NOT YET IN PLACE
* UPCOMING UNIT OPTION TO3 IS ALSO DEEMED UNABLE TO GENERATE
SUFFICIENT FUNDING.
* INQUIRIES WITH MAJOR SHAREHOLDERS HAVE ALSO INDICATED THAT
INTEREST IN INJECTING NECESSARY CAPITAL IS LOW.
Source text for Eikon: ID:nWkr4ttbRJ
Further company coverage: BIOSE.ST
(Gdansk Newsroom)
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