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River Tech p.l.c. ( (DE:9YQ) ) just unveiled an announcement.
River Tech has disclosed that French authorities, via an order recognised in Malta, have frozen an operational bank account of its subsidiary River Technologies Limited as part of a preliminary criminal investigation. The probe concerns alleged offences under French law related to the operation and promotion of certain online gaming activities by third parties, and the subsidiary has not been charged or convicted at this stage.
The freeze is described as a precautionary, provisional seizure of funds intended to preserve assets while the investigation continues. River Tech has appointed legal counsel in France and Malta to assess its position, and warns that if the order is not lifted and alternative liquidity or financing cannot be secured, the group may be unable to meet its liabilities, posing a serious risk to its ability to continue operations.
More about River Tech p.l.c.
River Tech p.l.c. is a Malta-registered technology company listed on Euronext Growth under the ticker RIVER. The group provides B2B technology products that help corporate clients deliver secure, tailor-made and user-friendly online services, focusing on specialist competencies within the digital sphere.
Average Trading Volume: 9,744
Current Market Cap: NOK69.06M
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