Redwood Pharma provides an update on the company's future
Stockholm, 23 May 2024. Redwood Pharma AB (publ) announces today that the company is evaluating potential solutions to address its strained financial situation. This is in light of the fact that the minimum level was not reached in the new issue that was announced on March 21, 2024, which resulted in the company not having sufficient funds to pay its outstanding debts. The board has begun negotiations with the company's creditors and at the same time initiated a process with the aim of quickly divesting all assets. Any surplus from the sale will be transferred to the shareholders and the