Nordic Unmanned ASA (Euronext Progress: NUMND), a number one European drone expertise firm, as we speak 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 lack of ability to safe crucial funding to handle a crucial liquidity scarcity. Nordic Unmanned requires an estimated €4 million to satisfy rapid monetary obligations. This shortfall stems from a number of contributing elements, together with the lack of an anticipated tender, delayed funds for providers 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 distinguished participant within the drone trade, specializing in superior drones, sensors, and AI-powered drone options. The corporate served a various clientele, together with authorities companies, protection ministries, safety purchasers, and company clients.
Headquartered in Sandnes, Norway, Nordic Unmanned additionally maintained workplaces within the UK, Belgium, and Germany. The corporate employed roughly 100 folks.
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