Nordic Unmanned ASA (Euronext Progress: NUMND), a number one European drone know-how firm, at this time introduced that its Board of Administrators has voted to file for chapter. The corporate will submit a chapter petition to the Sør-Rogaland District Court docket.
The choice follows the corporate’s incapability to safe mandatory funding to deal with a essential liquidity scarcity. Nordic Unmanned requires an estimated €4 million to fulfill instant monetary obligations. This shortfall stems from a number of contributing components, together with the lack of an anticipated tender, delayed funds for companies rendered, unexpected capital expenditures, and elevated financing wants inside its subsidiaries.
Regardless of intensive efforts to discover all viable choices, the corporate was unable to safe a sustainable monetary resolution inside the required timeframe.
Based in Norway in 2014, Nordic Unmanned has been a outstanding participant within the drone business, specializing in superior drones, sensors, and AI-powered drone options. The corporate served a various clientele, together with authorities businesses, protection ministries, safety purchasers, and company clients.
Headquartered in Sandnes, Norway, Nordic Unmanned additionally maintained places of work within the UK, Belgium, and Germany. The corporate employed roughly 100 folks.
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