NeXR Technologies SE: Provisional insolvency administrator commences work – business operations to continue

NeXR Technologies SE: Provisional insolvency administrator commences work – business operations to continue

Berlin, 2 June 2023

NeXR Technologies SE (XETRA: NXR) informed that Prof. Dr. Torsten Martini, attorney-at-law specializing in insolvency and reorganization law, GÖRG Insolvenzverwaltung Partnerschaft von Rechtsanwälten mbB, has been appointed as provisional insolvency administrator for the Company after filing for the opening of insolvency proceedings and has commenced his work.

The Berlin-Charlottenburg Local Court (Amtsgericht Berlin-Charlottenburg), as the competent insolvency court, has appointed Prof. Dr. Torsten Martini to safeguard the insolvency assets. In addition, it is to be evaluated whether there are grounds for opening insolvency proceedings and what the prospects are for the going concern of the Company. In this context, the insolvency creditors are provisionally prohibited from enforcing claims to the insolvency assets and are provisionally prohibited from realizing collateral.

By securing wages and salaries for employees for three months through insolvency benefits, business operations are to be continued during the preliminary insolvency proceedings. Together with the management, the preliminary insolvency administrator is making efforts to prefinance wages and salaries.

NeXR Technologies continues to evaluate whether and under what conditions alternative financing options are available.

About NeXR Technologies

NeXR is an international technology company based in Berlin that enables people and companies to enter the metaverse. With its broad technological expertise, NeXR is able to harness the full potential of VR, AR, motion capture, and digital avatars. NeXR implements digital projects in three areas: extended reality development, high-end avatar creation and live productions with innovative motion capture technology. Utilizing high-resolution body scanning technologies, NeXR is able to create perfect digital replicas and generate valuable data to develop customized solutions – from realistic online shopping to bespoke sports equipment. In addition, through novel extended reality technologies, NeXR has created interactive digital spaces that are far more than mere experiences and have the potential to transform industries alike.

For more information, please visit www.nexr-technologies.com.

For further information, please contact:
NeXR Technologies SE
Sven Pauly, CROSS ALLIANCE communication GmbH

sp@crossalliance.de
www.crossalliance.de

Phone: +49 (0) 89 125 09 03-31