Crossword Cybersecurity Plc (GB:CCS) has released an update.
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Crossword Cybersecurity Plc, amid tough trading conditions, has announced it may need to raise up to £600,000 within six weeks to continue operations, following a cost reduction initiative. The company is in talks with shareholders and a potential investor to secure additional funds but has also initiated a process to sell its business and assets to preserve creditor value, with no assurances of shareholder returns. This development follows the suspension of trading on AIM due to the delay in publishing the interim results.
For further insights into GB:CCS stock, check out TipRanks’ Stock Analysis page.
