Spexis AG, CH0106213793

Spexis AG / CH0106213793

05.12.2023 - 07:15:16

Spexis is Granted Debt-Restructuring Moratorium

Spexis AG / Key word(s): Miscellaneous


05-Dec-2023 / 07:15 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement pursuant to Art. 53 LR
  Allschwil, Switzerland, December 5, 2023 Spexis AG (SIX: SPEX), a clinical-stage biopharmaceutical company focused on macrocycle therapeutics for rare diseases and oncology, today announced that it has been formally granted moratorium status (Nachlassstundung) by the Western District Court of the Canton Basel-Landschaft. This announcement follows the Company’s announcement of November 29th indicating that a formal request for such status had been submitted. The plan submitted to the court included a cost reduction, a restructuring of the debt with major secured and unsecured creditors (such as SPRIM Global Investments), a continuation of the COPILOT trial in case additional financing can be obtained and a sale of other assets. All of these initiatives are being implemented by Spexis. The Company will issue further milestone announcements as parts of its moratorium plan are achieved.   About Spexis Spexis (SIX: SPEX) is a clinical-stage biopharmaceutical company based in Allschwil, Switzerland, focused on macrocycle therapeutics for rare diseases and oncology. For further information please visit: www.spexisbio.com. For further information please contact:
For Investors: 
 
Stephen Jasper
Managing Director
Gilmartin Group
stephen@gilmartinir.com
 
For Media: 
 
Dr. Stephan Feldhaus
Feldhaus & Partner
+41 79 865 92 56
feldhaus@feldhaus-partner.ch

 
  Disclaimer This press release contains forward-looking statements which are based on current assumptions and forecasts of Spexis management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular Spexis’ results, financial situation, and performance. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Spexis disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.    


End of Inside Information
Language: English
Company: Spexis AG
Hegenheimermattweg 125
4123 Allschwil
Switzerland
Phone: +41 61 567 1600
Fax: +41 61 567 1601
E-mail: info@spexisbio.com
Internet: www.spexisbio.com
ISIN: CH0106213793
Valor: SPEX
Listed: SIX Swiss Exchange
EQS News ID: 1789023

 
End of Announcement EQS News Service

1789023  05-Dec-2023 CET/CEST fncls.ssp?fn=show_t_gif&application_id=1789023&application_name=news&site_id=trading-house
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