Qlife Holding AB’s subsidiary Qlife ApS terminates corporate restructuring and files for bankruptcy. Qlife Holding AB investigates a capital raise and to submit an offer to repurchase the assets.
Qlife Holding AB ("Qlife" or the "Company") has today received information that Qlife ApS’s reconstructor will terminate the corporate restructuring. The board of directors has consequently today decided to file for bankruptcy for the subsidiary, Qlife ApS. On 4 April 2024, the Company announced that Qlife ApS was undergoing reconstruction to address creditor issues and to manage short-term liquidity. Since then, the Company has been seeking a long-term financing solution to facilitate the subsidiary's exit from reconstruction. As announced on June 6, 2024, the Company had entered into a non-