Brief: Ekobot Initiates Review Of Strategic Alternatives To Traditional Financing

Newlist AB (publ)

01/12/2023 13:07

Dec 1 (Reuters) - Ekobot AB (publ)  EKOBOT.ST :
    * EKOBOT PROVIDES AN UPDATE ON THE COMPANY'S FINANCIAL
SITUATION
    * CURRENT FINANCIAL SITUATION MAY RESULT IN COMPANY NOT
ACHIEVING
GOAL COMMUNICATED IN CONNECTION WITH UPDATED STRATEGY EARLIER IN
YEAR
    * ASSESSES THAT PROSPECTS OF ACQUIRING NEW FINANCING HAVE
SIGNIFICANTLY DETERIORATED
    * INITIATED A REVIEW OF STRATEGIC ALTERNATIVES TO
TRADITIONAL
FINANCING
    * ALTERNATIVES MAY INCLUDE A SALE OF ENTIRE OR PARTS OF
BUSINESS
AND/OR EVALUATION OF STRUCTURAL TRANSACTIONS OR STRATEGIC
PARTNERSHIPS

Source text for Eikon:  ID:nMFN6DlqsN 
Further company coverage:  EKOBOT.ST 

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