Brief: Molekule Group Says It Is Exploring Various Capital Raising Opportunities, Including Rights Offering
23/08/2023 22:33
Aug 23 (Reuters) - Molekule Group Inc MKUL.O :
* MOLEKULE GROUP - EXPLORING VARIOUS CAPITAL RAISING
OPPORTUNITIES, INCLUDING BUT NOT LIMITED TO RIGHTS OFFERING OR
PRIVATE PLACEMENT OF SECURITIES
* MOLEKULE GROUP: IN DISCUSSIONS WITH PRINCIPAL LENDER,
SILICON
VALLEY BANK, DIVISION OF FIRST-CITIZENS BANK & TRUST CO TO
RESTRUCTURE INDEBTEDNESS
* MOLEKULE GROUP INC - HAS ACCRUED LIABILITIES AND WILL NEED
TO
OBTAIN FUNDS IN Q3 OF 2023 IN ORDER TO FUND OPERATIONS THROUGH
Q3
* MOLEKULE GROUP INC - WILL NEED TO EXPLORE RESTRUCTURING
AND
REORGANIZATION INITIATIVES
Further company coverage: MKUL.O
((Reuters.Briefs@thomsonreuters.com;))
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