Brief: Rite Aid Says Substantial Doubt About Our Ability To Continue As A Going Concern Exists In Light Of Our Chapter 11 Cases

Rite Aid

18/10/2023 11:47

Oct 18 (Reuters) - Rite Aid Corp  RADCQ.PK :
    * RITE AID CORP - MAY LOOK TO MAKE ADDITIONAL INVESTMENTS IN
OUR
BUSINESS TO FURTHER OUR STRATEGIC OBJECTIVES
    * RITE AID CORP -  SUBSTANTIAL DOUBT ABOUT OUR ABILITY TO
CONTINUE
AS A GOING CONCERN EXISTS IN LIGHT OF OUR CHAPTER 11 CASES
    * RITE AID - OUR FUTURE CASH FROM OPERATIONS & ACCESS TO
CAPITAL
MARKETS MAY NOT PROVIDE ADEQUATE RESOURCES TO FUND OUR WORKING
CAPITAL NEEDS
    * RITE AID:  RITE AID EMPLOYEE BENEFIT ADMINISTRATION
COMMITTEE
RECEIVED LETTER FROM DEPARTMENT OF LABOR  - SEC FILING
    * RITE AID:  DEPARTMENT OF LABOR ALLEGES EBAC VIOLATED ERISA
IN
ITS MANAGEMENT OF RITE AID MASTER RETIREMENT SAVINGS TRUST AS TO
SPECIFIC INVESTMENT
    * RITE AID:  DISCUSSIONS ARE UNDERWAY ABOUT A POTENTIAL
AGREED
RESOLUTION WITH DEPARTMENT OF LABOR

Further company coverage:  RADCQ.PK 

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