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Hynion AS Class A ( (DE:36R) ) has shared an announcement.
Hynion AS is undergoing an advanced balance sheet restructuring aimed at securing its continued operations and preserving value for creditors and shareholders, with strong backing from a third‑party investor that has covered restructuring costs and entered conditional agreements with 15 creditors. Around NOK 6.75 million of debt has already been converted to equity and about NOK 9.8 million of remaining debt is largely subject to conditional debt sale agreements, while the company is still negotiating a SEK 2.7 million claim with Eminova Fondkommission AB and facing NOK 15.5 million in legal exposure tied to a Swedish parent guarantee; Hynion has also agreed a framework to sell its Porsgrunn hydrogen fueling asset, and its board will meet on 14 January to decide whether a complete restructuring package can be achieved to avoid bankruptcy.
More about Hynion AS Class A
Hynion AS is a Norwegian hydrogen fuel company focused on developing and operating hydrogen refuelling infrastructure, including fueling assets such as its station in Porsgrunn, to support the emerging hydrogen mobility and energy market.
Average Trading Volume: 5,352,923
Current Market Cap: NOK15.01M
For an in-depth examination of 36R stock, go to TipRanks’ Overview page.