RESQUNIT AB (PUBL) Announces Bankruptcy Filing for Subsidiary RESQUNIT AS, Operations Continue in the parent company
Stockholm, August 30, 2024, 12:18 CET — RESQUNIT AB (PUBL) (the Company) (Nasdaq First North: RESQ) announces that the board of its wholly-owned subsidiary, RESQUNIT AS (the Subsidiary), has decided to file for bankruptcy with the Sør-Rogaland District Court in Norway. This decision follows a prolonged period of financial difficulty for the Subsidiary, driven by challenges in market adoption and adverse economic conditions.Background on the Subsidiary and reason for bankruptcy Resqunit AS, founded in 2017, focused on developing and marketing innovative solutions for the fishing industry,