Evolva Holding SA (SWX:EVE) is in discussions with its financing partner Nice & Green after disagreements regarding its outstanding financing lines. Negotiations to clarify the different interpretations and to find a solution that will secure the financing of Evolva at least until the end of this year are ongoing. In light of these events, the Board of Directors of Evolva is initiating a comprehensive review of strategic alternatives to accelerate discussions with strategic partners or to facilitate other strategic transactions.

As this will require the full attention of the leadership team, the guidance for 2023 is revoked. The Board of Directors has decided to initiate a comprehensive review of strategic alternatives, to accelerate discussions with strategic partners or to facilitate other strategic transactions, including a potential sale of the company. Houlihan Lokey has been retained by Evolva as financial advisor to support the process.

Based on these positive business developments, Evolva is confident regarding its mid-term prospects. The current financing situation, however, poses a significant challenge to the company and requires the full attention of the Board of Directors and management. Therefore, the immediate focus will shift to the review of strategic alternatives.

Consequently, the guidance for 2023 is revoked. Evolva will provide an outlook as well as a strategic update together with the half-year results on 24 August 2023.