Brief: ReNewCell Initiates Strategic Review

Renewcell AB

21/11/2023 08:14

Nov 21 (Reuters) - Renewcell AB  RENEW.ST :
    * SAID ON MONDAY INITIATES STRATEGIC REVIEW REGARDING ITS
CAPITAL
STRUCTURE AND EVALUATION OF POTENTIAL STRATEGIC ALTERNATIVES TO
SECURE ADDITIONAL FUNDING
    * ALTERNATIVES MAY INCLUDE ADDITIONAL DEBT FUNDING, EQUITY
INJECTION THROUGH FORM OF RIGHTS ISSUE, EQUITY INJECTION THROUGH
DIRECTED ISSUE TARGETED TO FINANCIAL OR STRATEGIC INVESTOR OR
OTHER POSSIBLE STRATEGIC TRANSACTIONS
    * BOD HAS NOT SET TIMETABLE FOR COMPLETION OF ITS REVIEW,
BUT
PROCESS WILL BE INITIATED IMMEDIATELY

        
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