on Endor AG (isin : DE0005491666)
Endor AG Initiates Investor Process for Financial Restructuring
On April 24, 2024, Endor AG announced the initiation of a financial restructuring process following the extension of its bridging loans until June 30, 2024. This process, directed by Endor AG's Executive Board in coordination with financing banks, includes exploring various funding options through ongoing discussions with potential investors.
The company is considering different restructuring avenues including capital increases and equity injections, aligning with the Act on the Stabilization and Restructuring Framework for Companies (StaRUG). The process aims to secure the company's financial stability by reviewing offers from various investors in a flexible and open-ended approach.
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