Flyr BOD To Consider Alternatives For Continued Operations
Flyr AS (FLYR.OL):
UNSUCCESSFUL ATTEMPT TO RAISE CAPITAL, THE BOARD OF DIRECTORS TO CONSIDER ALTERNATIVES FOR CONTINUED OPERATIONS
THERE IS NO GUARANTEE THAT A SOLUTION THAT WOULD CREATE A MEANINGFUL SHAREHOLDER VALUE FOR CURRENT SHAREHOLDERS WILL BE FOUND
MANAGERS OF COMNTEPLATED RIGHTS ISSUE OF UP TO NOK 330 MILLION HAVE NOT YET BEEN ABLE TO RAISE SUFFICIENT MARKET UNDERWRITING
MARKET CONDITIONS, CONTINUED UNCERTAINTY WITH REGARDS TO AIRLINE TRAVEL AND EARNINGS THROUGH 2023 HAVE DETERRED INVESTORS FROM COMMITTING CAPITAL
IS NOW IN A CRITICAL SHORT TERM LIQUIDITY SITUATION