EQS-Ad-hoc: Marinomed Biotech AG / Key word(s): Insolvency/Restructure of
Company
Marinomed Biotech AG applies for court restructuring proceedings without
self-administration
13-Aug-2024 / 23:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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Korneuburg, Austria, 13. August 2024 – Marinomed Biotech AG (VSE:MARI)
announces to apply for the initiation of court restructuring proceedings.
The aim is to carry out restructuring proceedings without
self-administration.
As a result of the inability to raise funds required at short notice to
secure the Company’s liquidity, insolvency is imminent. As announced,
revenue expectations for the 2024 financial year could not yet be realized
as planned. Aim of the restructuring proceedings without
self-administration is to sustainably secure the Company’s financial
stability according to a restructuring plan. For this purpose, besides
restructuring measures, proceeds including from the realization of
strategic options regarding the Carragelose business are intended to be
used. The publication of the half-year financial statements planned for
August 20, 2024, has been postponed.
+++ End of ad-hoc announcement +++
End of Inside Information
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13-Aug-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: Marinomed Biotech AG
Hovengasse 25
2100 Korneuburg
Austria
Phone: +43 2262 90300
E-mail: office@marinomed.com
Internet: www.marinomed.com
ISIN: ATMARINOMED6
WKN: A2N9MM
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
(Official Market)
EQS News ID: 1967439
End of Announcement EQS News Service
1967439 13-Aug-2024 CET/CEST
