OmniCar Holding AB – update regarding financial situation
The board of directors in OmniCar Holding AB (“OmniCar” or the “Company”) views that the Company must raise external capital to secure the Company’s continued business operations. For this reason, the board of directors has held talks regarding the financing of the Company and strategic alternatives with major shareholders and external investors. The board of directors has during these talks learnt that the major shareholders’ interest in supporting the Company – which historically has been very strong – going forward is very limited. As of today, discussions with external investors have not led to a solution for the Company that would ensure that the Company could continue operations and/or create value of the Company’s shareholders.
The board of directors will continue its strategic review, but no guarantees can be made that a suitable solution can be found for the Company or that the Company can continue its operations after the end of the second quarter of 2024.
For more information, please contact
Mikkel K. Christensen
Chief Executive Officer
OmniCar Holding AB
mkc@omnicarservice.dk
This information is information that OmniCar is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on May 24, 2024, 13:45 CET.
About OmniCar Holding AB
OmniCar Holding AB (OmniCar) is a Danish purpose-driven impact company active in the automotive industry. OmniCar provides a convenient, affordable, and more transparent way of getting your car serviced and repaired by offering the service though our mobile workshops at a time- and place, which suits you the best.
OmniCar is a data driven technology company facilitating an end-to-end platform, which offers customers a unique way of ordering their next service as well as managing our fleet of mobile workshops including mechanics. We have established a position as the largest mobile workshop operator within the Nordics and with outstanding customer ratings of 4,9 of 5. With thousands of positive customer visits already completed, OmniCar aims to grow its business and fulfill its vision of becoming a convenient car partner for customers throughout Europe.