Nustay A/S: Update on financial situation
Nustay A/S (“Nustay” or “the Company”) hereby announces that the Company does not have sufficient capital to sustain operations for at least three months. Currently, Nustay estimates that it has funds that will be sufficient for approximately one month. The Company is working intensively to explore different alternatives to secure financing. Nustay cannot, however, make any precise estimates in terms of its capital need, as this is dependent on potential future revenue, which is difficult to forecast in light of the ongoing Covid-19 pandemic. The situation has arised as a result of the