Since November 2, 2022, Brighter AB (Publ.) (“the Company”) has been in corporate restructuring with the aim of giving the Company time to negotiate a long-term financial solution and implement operational and organizational changes for profitable growth. The district court has today decided that the reconstruction must cease immediately and the board of Brighter AB will now evaluate the situation.
Overall, the district court assesses that Brighter AB – in light of discussions and presentations in connection with the creditors’ meeting – has not shown that there is a well-founded reason to assume that the viability of the business can be secured through the reconstruction. Furthermore, the district court assesses that an upcoming recon…
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