Brief: Resqunit Says Cash Reserves 'Critically Low'

Resqunit AB (publ)

23/01/2024 10:40

Jan 23 (Reuters) - Resqunit AB (publ)  RESQ.ST :
    * COMPANY IS FACING CHALLENGES RELATED TO CRITICALLY LOW
CASH
RESERVES, ONLY STRETCHING UNTIL END-FEB
    * MANAGEMENT EXPLORING AVENUES, INCLUDING COST-CUTTING
MEASURES,
NEGOTIATIONS WITH CREDITORS, POTENTIAL CAPITAL-RAISING
INITIATIVES
    * BOARD HAS TASKED ADMINISTRATION TO EXPLORE STRATEGIES THAT
MAY
INCLUDE DELISTING STRATEGY CONSIDERATIONS THROUGH TAKEOVER,
REVERSE TAKEOVER, BUY-OUTS, OR MERGERS/ACQUISITION

Source text for Eikon:  ID:nWkr3l8Lxf 
Further company coverage:  RESQ.ST 

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