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Renovaro Biosciences Faces Subsidiary Bankruptcy Impact

Story Highlights
  • Gedi Cube B.V., a subsidiary of Lunai Bioworks, was declared bankrupt on September 2, 2025.
  • The company plans to record a material asset impairment for the quarter ending September 30, 2025.
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Renovaro Biosciences Faces Subsidiary Bankruptcy Impact

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Renovaro Biosciences ( (RENB) ) just unveiled an announcement.

On September 2, 2025, the Court of Amsterdam declared Gedi Cube B.V., an indirect subsidiary of Lunai Bioworks, Inc., bankrupt due to its inability to meet financial obligations. This development has led to a material impairment of assets for the company, which will be recorded in the quarter ending September 30, 2025. The company is assessing the impact on its supply chain and customer relationships and is implementing contingency plans to mitigate business disruptions. Lunai and its other subsidiaries continue to operate normally, with no bankruptcy filings.

More about Renovaro Biosciences

Average Trading Volume: 2,062,893

Technical Sentiment Signal: Strong Sell

Current Market Cap: $49.28M

For detailed information about RENB stock, go to TipRanks’ Stock Analysis page.

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