Next.e.GO N.V. Files Application For Opening Of Insolvency Proceedings
Next.e.GO N.V. (EGOX)
Company Research
Source: GlobeNewswire
AACHEN, Germany, April 02, 2024 (GLOBE NEWSWIRE) -- Next.e.GO N.V. (“e.GO” or “the Company”), the parent company of Next.e.GO Mobile SE, today announced its decision to also file an application for opening of insolvency proceedings with the competent district court of Aachen (Amtsgericht Aachen). The decision to apply for the opening of the insolvency proceedings with the competent court follows the previously disclosed filing of the application for opening of insolvency proceedings by Next.e.GO Mobile SE, the main subsidiary of Next.e.GO N.V. This comes amidst a backdrop of recent adverse developments and challenges across the electric vehicle (“EV”) industry and volatility in the capital markets, exacerbated by the recent situation surrounding other players in the EV sector. Moreover, given the unfavorable market environment, the equity-based financing instruments that were secured by the Company could not perform to the expected level and pace; and despite significant effor
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EGOX
Sec Filings
- 4/30/24 - Form NT
- 4/30/24 - Form 6-K
- 4/29/24 - Form 6-K
- EGOX's page on the SEC website