Update on Timeline for SAS Equity Solicitation Process
SAS AB (“SAS” or the “Company”) announces that it will extend the timeline for its equity solicitation process with approximately four weeks, following initial discussions with potential investors. SAS targets to complete its court-supervised process in the U.S. around year-end.On May 15, 2023, the U.S. Bankruptcy Court for the Southern District of New York approved the procedures that will govern SAS’ equity solicitation process, with the aim to solicit equity investments in reorganized SAS. The Company has since then seen substantial interest from potential financial and strategic