CompanyEkobot
ListingsFirst North Sweden
TickerEKOBOT
Market cap at time of publication4,3 MSEK
Stock price at time of publication0,27 SEK
BusinessAgtech farming robotics
Websitehttps://www.ekobot.se/

 

ESGFIRE comment:

Ekobot published an update on their financial situation on December 1st 2023. Unfortunately the news communicated was less than encouraging. The company reported that the board of directors and CEO are working persistently to acquire financing before the end of 2023. However negative feedback from one of the majority owners regarding the ongoing financing discussions has significantly deteriorated the company’s possibility of securing financing and the chance of achieving a long-term solution before the end of 2023 has diminished.

The negative news on the company’s ability to acquire financing does not inspire confidence at this point. However, despite the negative news we believe that the management team may still surprise the market either by acquiring financing through sales of existing assets or by possibly entering structural transactions or strategic partnerships that will improve the financial situation of the company.

The full press release can be found here:
https://mfn.se/a/ekobot/ekobot-provides-an-update-on-the-companys-financial-situation

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This post is based upon reliable sources, namely regulated press releases from the company, as referred to above. Nevertheless, this post may contain interpretations, estimates, or opinions of the authors, or other non-factual information. If that is the case, this is continuously stated above. Furthermore, any projections, forecasts, or similar are explicitly stated as such.

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