Creditors of capsized Sydney analytics software vendor Veriluma have accepted a $660,000 acquisition proposal from wholesale investor Canary Capital.
Canary was one of several potential suitors for Verilumas two entities, Veriluma Limited and Veriluma Software. Administrators had been sizing up their rival bids to recapitalise ASX-listed Veriluma, which fell over in late 2017 after ongoing cash-flow difficulties and millions in losses.
Veriluma revealed it had received proposals to recapitalise the company through a deed of company arrangement (DOCA) from Bennelong Capital, Canary Capital, CPS Capital, Panorama Technology Services and IT Capital.
The proposals had different and somewhat complicated stru…
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