During the past 1.5 years, the new board and management have worked intensively to activate a long-term business strategy to create profitable growth, but the work has been characterized by challenging pandemic effects in combination with the changed macroeconomic situation.
Brighter was granted corporate restructuring on 2 November to gain time to implement operational and organizational changes in order to adapt the financial conditions for success. A very extensive work has been carried out to prepare and start implementing the reconstruction plan and the company has had ongoing dialogues with various potential stakeholders regarding financing throughout the period.
The company believes that a continued reconstruction would have been a better solution for both the company, suppliers and shareholders. However, the district court's decision that the corporate restructuring must end has resulted in Brighter now filing for bankruptcy.
The company has submitted that the district court shall appoint
For more information, please contact:
Investor Relations
IR@brighter.se
Certified Adviser
Brighter's Certified Adviser is
About Brighter
Brighter is a health-tech company from
This information is information that
https://news.cision.com/brighter-ab--publ-/r/brighter-files-for-bankruptcy,c3671702
https://mb.cision.com/Main/13292/3671702/1691028.pdf
(c) 2022 Cision. All rights reserved., source