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QUICK BTA - Quickcool AB News Story

SEK1.85 0.0  0.0%

Last Trade - 24/01/18

Sector
Healthcare
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1787

BRIEF-Quickcool's Clarification Regarding Negotiations With Prospective Party About A "Reverse Takeover"

Wed 16th October, 2019 9:12pm
Oct 16 (Reuters) - Quickcool AB  QUICK.TE :
    * (PUBL): CLARIFICATION REGARDING THE NEGOTIATIONS WITH THE
PROSPECTIVE PARTY REGARDING A "REVERSE TAKEOVER" HAVE STALLED
OVER VALUATION.
    * DISCUSSIONS HAVE NOT STOPPED ALTOGETHER BUT IT IS NOW
CLEAR THAT
ANY POTENTIAL REVERSE TAKEOVER WITH THIRD PARTY WOULD TAKE MUCH
LONGER
    * THERE IS A RISK THAT ANY POTENTIAL REVERSE TAKEOVER WITH
THIRD
PARTY MAY NOT COMPLETE ALTOGETHER
    * QUICKCOOL - BOARD IN ACTIVE DISCUSSIONS REGARDING
ALTERNATIVE
LONG-TERM FINANCING SOLUTIONS, WORKING WITH BIOVATIONS SCIENCES
    * QUICKCOOL - CO HAS HAD CHALLENGES FINDING REASONABLE
FINANCING
FOR ITS EXISTING BUSINESS GIVEN
    * QUICKCOOL - EXISTING BUSINESS OF CO WOULD BE SPUN OUT TO A
NEW
WHOLLY OWNED SUBSIDIARY, WHICH WOULD RECEIVE FINANCING FROM EHGO
    * EHGO IS ONLY WILLING TO PROVIDE ADDITIONAL FINANCING IF
NEW
BUSINESS IS INCORPORATED

Source text for Eikon:  ID:nWkrXZNL3 
Further company coverage:  QUICK.TE 

 ((Reuters.Briefs@thomsonreuters.com;))
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