Brighter Commences Legal Action Against Unwrap Finance Nordic AB
Brighter AB (publ) (“Brighter” or “the Company”) announced today that the Company has commenced legal action in Attunda District Court against Unwrap Finance Nordic AB ("Unwrap" or “the Counterparty”) to enforce the payment of debts owed to the Company.
The legal action relates to certain potential claims mentioned by the Company's auditor in the Annual Report 2020 relating to an investment made in certain debt certificates issued by Unwrap (see press release dated 31 May 2021, Brighter's Auditor Makes Certain Recommendations in the Audit Report for the Fiscal Year 2020).
As then, due to this ongoing dispute and the fact that amounts claimed may be partially set off against amounts that the Company may owe to the Counterparty (under terminated financing agreements), Brighter will not comment on the overall financial exposure of the Company.
The amount is however not regarded as material for the operations of the Group which continue without loss of momentum. As this is an ongoing legal dispute, the Company will not provide additional comments or speculate on potential outcomes of this or any related dispute.
For more information, please contact:
Investor Relations
ir@brighter.se
Certified Adviser
Brighter's Certified Adviser is Eminova Fondkommission AB, +46 (0)8 - 684 211 10, adviser@eminova.se, www.eminova.se.
About Brighter AB (publ)
Brighter is a health-tech company from Sweden with a vision of a world where managing chronic diseases is no longer a struggle. We believe a data-centric approach is a key to providing smarter care for chronic conditions. Our daily-care solutions are designed with a vision to facilitate the flow of real-life treatment data between chronic-disease patients, their loved ones and their care providers – aiming to improve quality of life, easing the burden on healthcare systems, and opening new opportunities for data-driven research. Brighter's quality management system is ISO-13485 certified. In 2019 the company won the Swecare Rising Stars Award. The Company's shares are listed on Nasdaq First North Growth Market/BRIG.
For more information, please visit our website at https://brighter.se/.