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Hynion AS Class A ( (DE:36R) ) has provided an update.
Hynion AS has announced that, after failing to secure a conclusive restructuring agreement with Bizcap AB and investor Gerhard Dahl within a board-imposed deadline, it will file for bankruptcy and suspend trading in its shares. The decision marks an abrupt end to the company’s ongoing rescue efforts and underscores the severity of its financial distress, with immediate consequences for shareholders and other stakeholders as the business enters formal insolvency proceedings.
More about Hynion AS Class A
Hynion AS is a Norwegian company listed on the Oslo stock exchange, operating in the hydrogen energy and fuel sector, with a focus on developing and running hydrogen-related infrastructure and services.
YTD Price Performance: 11.76%
Average Trading Volume: 4,490,625
Current Market Cap: NOK14.71M
Learn more about 36R stock on TipRanks’ Stock Analysis page.