Brief: Shape Robotics Begins Creditor Settlement Negotiations

Shape Robotics A/S

12/03/2026 11:07

March 12 (Reuters) - Shape Robotics A/S SHAPE.CO:

SHAPE ROBOTICS SIGNS LETTER OF INTENT WITH IRIS SARL REGARDING PROPOSED EQUITY LINE FINANCING FACILITY - CREDITOR SETTLEMENT NEGOTIATIONS INITIATED

COMPANY NOTES IT IS PREPARED TO IMMEDIATELY INITIATE PROCESS FOR ISSUANCE OF ABOUT 1 MILLION SHARES UNDER ITS EXISTING AUTHORISATION

HAS ENTERED INTO NEGOTIATIONS WITH CREDITOR WHOSE PETITION ORIGINALLY GAVE RISE TO BANKRUPTCY DECREE ISSUED AGAINST CO

UNDER TERMS BEING NEGOTIATED, CREDITOR WOULD GET PAYMENT FROM PROCEEDS GENERATED UNDER IRIS EQUITY FACILITY AS TRADING RESUMES

CREDITOR HAS AGREED TO NEGOTIATE COMMERCIAL RESOLUTION THAT WOULD BE FUNDED FROM PROCEEDS OF CONTEMPLATED EQUITY FACILITY

EXPECTS TO CONVENE EXTRAORDINARY GENERAL MEETING, AS SOON AS PRACTICABLE

IN COMPANY'S ASSESSMENT, CIRCUMSTANCES THAT ORIGINALLY JUSTIFIED SUSPENSION OF TRADING NO LONGER APPLY

COMPANY CONSIDERS THAT THE BASIS FOR MAINTAINING SUSPENSION HAS FALLEN AWAY, TRADING IN COMPANY'S SHARES SHOULD BE RESTORED

Source text: ID:nWkr2BrxXC

Further company coverage: SHAPE.CO

 (Gdansk Newsroom)

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