Brief: Arcario Engages With Creditors, Considers Options To Enhance Liquidity

K33 AB (publ)

27/09/2023 15:43

Sept 27 (Reuters) - Arcario AB  ARCA.ST :
    * ARCARIO ADDRESSES WORKING CAPITAL POSITION AMIDST CRYPTO MARKET CHALLENGES
    * IS ENGAGING WITH CREDITORS, DILIGENTLY WORKING TOWARDS A RESTRUCTURING PLAN TO ENHANCE
LIQUIDITY
    * CONSIDERS STRATEGIES INCLUDING BUT NOT RESTRICTED TO, DEBT RESTRUCTURING, INFUSING FRESH
CAPITAL, DIVESTING CERTAIN ASSETS, POTENTIAL OF MERGING WITH OTHER CRYPTO-ORIENTED ENTITIES
    * IMPAIRMENT TEST OF CARRYING VALUE OF ITS ASSETS WILL BE CONDUCTED
    * IMPAIRMENT TEST IS EXPECTED TO LEAD TO WRITE DOWNS TO REFLECT RECENT MARKET DYNAMICS
    * SHOULD RESTRUCTURING MEASURES FACE CHALLENGES, BOARD ESTIMATES WORKING CAPITAL SPAN OF
ADDITIONAL MONTH

Source text for Eikon:  ID:nMFNccSY20 
Further company coverage:  ARCA.ST 

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