Ebusco has reached a restructuring agreement for loans due mid-August 2025 and is converting these loans into liquidity. The company requires a significant liquidity injection to continue as a going concern and could face insolvency if it fails to secure this. Ebusco has been facing financial instability and is implementing a Turnaround Plan to transition to an Original Equipment Designer company. The firm will cease in-house assembly after Q1 2025. Heights and Kabuto Technology Co. will acquire loans totaling approximately EUR 12.8 million, with a potential for debt-to-equity conversion.
Ebusco has reached an agreement on restructuring loans due mid-August 2025, aiming to convert them into liquidity, but requires significant liquidity to continue operating.
Despite the successful loan restructuring, Ebusco warns of potential insolvency if it cannot attract necessary liquidity in the coming period.
Ebusco is implementing a Turnaround Plan to transition to an Original Equipment Designer company, ceasing in-house assembly after Q1 2025.
Heights and Kabuto Technology Co. Ltd. will take over loans totaling EUR 12.8 million from Ebusco, with an option to convert these into shares.
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