Brighter's subsidiary Nectarine Health will apply for corporate restructuring, reducing Brighter’s liquidity needs and enhancing focus on core operations
Brighter AB (Publ) (“Brighter”) announces that the board of its subsidiary Pink Nectarine Health AB (“Nectarine Health”) has today decided to commence preparations to apply for a corporate restructuring (Sw. “företagsrekonstruktion”). The decision follows a liquidity shortfall in Nectarine Health and is deemed necessary to give Nectarine Health the time required to negotiate a longer-term financial solution and implement certain operational changes. For Brighter, this has a significant positive effect on liquidity, of approximately SEK 4 million per month and thus enables a stronger focus