SMART WIRES TECHNOLOGY LTD SUSPENDS REVENUE GUIDANCE, REVISES ORDERS GUIDANCE AND SEEKS TO PURSUE STRATEGIC ALTERNATIVE TRANSACTIONS
North Carolina /PRNewswire/ --October 10, 2022 Smart Wires Technology Ltd and its operating subsidiary, Smart Wires Inc. (collectively, the Company) has engaged two advisors to explore strategic alternatives for the Company, including without limitation additional financing to address its liquidity, a business combination, and a sale of the Company. In addition, the Company is suspending its revenue guidance as it continues to work through supply chain challenges. Specifically, production delays of printed circuit board assemblies have resulted in a shift in the delivery schedule of