Brief: Bifinity UAB Says On Nov 20, Informed Board Of Eqonex It Had Determined Not To Fund Any Future Drawdown Requests

Eqonex

22/11/2022 19:49

Nov 22 (Reuters) - Bifinity UAB: 
    * BIFINITY UAB -  ON NOV 20, INFORMED BOARD OF EQONEX IT HAD
DETERMINED NOT TO FUND ANY FUTURE DRAWDOWN REQUESTS WHICH EQONEX
MAY MAKE IN CONNECTION WITH LOAN
    * BIFINITY UAB -  BELIEVED EQONEX WAS NOT IN COMPLIANCE WITH
CERTAIN CONDITIONS UNDER CONVERTIBLE LOAN AGREEMENT AND SUCH
BREACH WAS CONTINUING
    * BIFINITY UAB - ON NOV 20, INFORMED WOULD NOT OBJECT IF
EQONEX
BOARD INTENDS TO UNANIMOUSLY SUPPORT MOTION TO PUT IT INTO
JUDICIAL MANAGEMENT
    * BIFINITY UAB - CONFIRM THAT TO DATE HAVE NOT AGREED TO
PROPOSED
MERGER DEAL, PRESENTLY NOT IN DISCUSSIONS WITH  EQONEX TO ENGAGE
IN PROPOSED MERGER DEAL

Further company coverage:  EQOS.O 
 ((Reuters.Briefs@thomsonreuters.com;))