Brief: DLTx ASA Announces Exit From Filecoin And Blockchain Segment Through Sale Of Assets

Univid ASA

08/04/2023 21:33

April 8 (Reuters) - Dltx ASA  DLTX.OL :
    * EXIT FROM FILECOIN AND BLOCKCHAIN SEGMENT THROUGH SALE OF
ASSETS
    * SALE IS A STRATEGIC MOVE IN RESPONSE TO BLOCKCHAIN MARKET
DOWNTURN
    * SIGNED AN AGREEMENT TO SELL ALL FOREIGN OPERATING
SUBSIDIARIES,
INCLUDING INTEREST IN FILECOIN CLOUD STORAGE PARTNERSHIPS
STORIFY AND HELIX
    * BUYER WILL ASSUME LIABILITY FOR APPROX. USD 25 MILLION OF
OUTSTANDING DEBT WITH ENTITIES SOLD IN TRANSACTION
    * WILL MOVE FORWARD WITH A STREAMLINED ORGANIZATIONAL
STRUCTURE
    * DLTX - TRANSACTION WILL SIGNIFICANTLY REDUCE CO'S OVERALL
DEBT
BURDEN
    * WILL CHANGE ITS NAME AND WILL CALL FOR AN EXTRAORDINARY
GENERAL
MEETING ("EGM") IN NEAR FUTURE

Source text for Eikon:  ID:nObiSFv0ha 
Further company coverage:  DLTX.OL 

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