Inzile files for bankruptcy
The Board of Directors of Inzile AB (Publ) ("Inzile" or the "Company") has today decided to apply to declare the Company bankrupt. The bankruptcy application is scheduled to be filed today, November 7, 2022 with the Stockholm District Court.
The reason for filing for bankruptcy is that Inzile has not been able to resolve its strained financial situation. A bridge financing loan of approximately SEK 50 million has become due and the Company does not have the available funds to pay the loan and the accrued supplier invoices.
The company has proposed lawyer Karl Björlin at Cirio Advokatbyrå as bankruptcy trustee.
This information is such that Inzile AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation (MAR). The information was submitted for publication, through the agency of the contact persons set out below, on November 7, 2022 at 08:45.
For further information, please contact:
Juan Carlos Del Rio, CEO Inzile, jcr@inzile.com, +46 76 138 48 82
Enrique Banuleos, Executive Chairman Inzile, ebc@bendinatgroup.com, +44 7818 11 07 58
About Inzile
Inzile is a Swedish tech company manufacturing intelligent electrically powered vehicles as well as creating modern transport and service solutions for a sustainable community. The company’s vision is to liberate the world from emission of fossil fuels and to accelerate the climate efforts by contributing to sustainable cities that improve quality of life.
Inzile was founded in 2012 based on a strong will to secure a future climate friendly utility vehicle sector. The team consists of some of Scandinavia’s foremost authorities related to electrical vehicles, digitalization, manufacturing and purchasing. Inzile develops, produces, and sells innovative vehicle solutions on the global market based on the demanding Nordic climate, security requirements and environmental standards. The company is based in Sweden with head office in Stockholm, sales offices in Stockholm and in Palma, Spain, production in Västervik and R&D in Tranås, Sweden.
The Company's share is traded on Nasdaq First North Growth Market Stockholm.
Redeye AB is the Company’s Certified Adviser.
For further information, please visit: www.inzile.com