Cline Scientific provides an update on the company's financial position
With today's cost structure, Cline Scientific AB's (publ) expects to have cash until August 2024.The Board intends to work diligently on finding solutions to strengthen the Company's long-term financial situation. As previously communicated, the company has applied to participate in the EIC Accelerator program. The result from the latest step in the application process was a rejection due to the company being a couple of points below the limit required to move forward in the application process. The company will appeal the decision. Though, even if the company is successful with the