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An announcement from Cinis Fertilizer AB ( (SE:CINIS) ) is now available.
Cinis Fertilizer AB has announced a breach of its EBITDA-based financial covenant under a SEK 102,500,000 revolving credit facility, leading to an event of default. The company is actively engaging with its financial advisor and creditors to find a sustainable long-term solution to address this financial challenge.
More about Cinis Fertilizer AB
Cinis Fertilizer is a Swedish greentech company that produces environmentally friendly mineral fertilizer, specifically potassium sulfate (SOP), by recycling residual streams from battery and pulp industries. The company employs a patented technology that significantly reduces energy consumption and carbon footprint, contributing to sustainable agriculture. Cinis Fertilizer is listed on the First North Growth Market.
Average Trading Volume: 371,118
Technical Sentiment Signal: Sell
Current Market Cap: SEK34.36M
See more data about CINIS stock on TipRanks’ Stock Analysis page.