Brief: Trade Window And Nchain Agree To Cancel Agreement With Settlement

Trade Window Holdings

21/12/2023 01:20

Dec 21 (Reuters) - Trade Window Holdings Ltd  TWL.NZ :
    * TRADEWINDOW AND NCHAIN AGREE TO CANCEL AGREEMENT WITH
SETTLEMENT
    * COMPLETED A RESTRUCTURING INITIATIVE RESULTING IN A 40%
REDUCTION IN ITS WORKFORCE
    * TODAY ANNOUNCED MUTUAL DECISION WITH NCHAIN TO CANCEL
PREVIOUSLY
ESTABLISHED STRATEGIC PARTNERSHIP AGREEMENT
    * REMAINS ACTIVELY ENGAGED IN DISCUSSIONS REGARDING FUNDING
WITH
EXISTING AND POTENTIAL NEW INVESTORS
    * CO ANTICIPATES THAT LEANER OPERATIONAL STRUCTURE WILL
DRIVE
TOWARDS ACHIEVING A MONTHLY EBITDA BREAK-EVEN IN FY25
    * CANCELLATION OF AGREEMENT MARKS AN OPPORTUNITY FOR
TRADEWINDOW
FOR EXPLORING NEW PARTNERSHIPS , AMONG OTHERS

Further company coverage:  TWL.NZ 

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