Brief: Tubesolar AG Says If Co Does Not Succeed In Raising Additional Funds, Board Is Expected To File For Insolvency Proceedings

Tubesolar AG

02/05/2023 18:58

May 2 (Reuters) - Tubesolar Ag  9TS.DE :
    * EQS-ADHOC:  TUBESOLAR AG: EXECUTIVE BOARD NO LONGER
CONSIDERS A
POSITIVE CONTINUATION OF THE COMPANY TO BE IF CO DOES NOT
SUCCEED IN RAISING NECESSARY ADDITIONAL FUNDS, MANAGEMENT BOARD
IS EXPECTED TO FILE FOR INSOLVENCY PROCEEDINGSPREDOMINANTLY
PROBABLE
    * 
    * EXPECTED TO FILE FOR INSOLVENCY PROCEEDINGS WITH COMPETENT
INSOLVENCY COURT BY END OF MAY

Source text for Eikon:  ID:nEQ4nFN3ga 
Further company coverage:  9TS.DE 

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