SAS Receives Court Approval for Equity Solicitation Procedures
SAS AB (“SAS” or the “Company”) announces that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has approved SAS’ equity solicitation procedures. Through these procedures, SAS will run a competitive and broad solicitation process to secure the best available terms and conditions for new equity capital.On April 6, 2023, SAS announced that the Company had taken the next step in its comprehensive business transformation plan SAS FORWARD, initiating a process to solicit equity investment in a reorganized SAS. Today, the Court has approved the procedures that will