Home Drone Drone Firm Nordic Unmanned ASA Falls, Citing €4M Liquidity Hole – sUAS Information

Drone Firm Nordic Unmanned ASA Falls, Citing €4M Liquidity Hole – sUAS Information

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Drone Firm Nordic Unmanned ASA Falls, Citing €4M Liquidity Hole – sUAS Information



Drone Company Nordic Unmanned ASA Falls, Citing €4M Liquidity Gap

Nordic Unmanned ASA (Euronext Development: NUMND), a number one European drone know-how 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 Courtroom.

The choice follows the corporate’s incapability to safe vital funding to handle a essential liquidity scarcity. Nordic Unmanned requires an estimated €4 million to satisfy instant 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 answer inside the required timeframe.

Based in Norway in 2014, Nordic Unmanned has been a outstanding 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 prospects.

Headquartered in Sandnes, Norway, Nordic Unmanned additionally maintained places of work within the UK, Belgium, and Germany. The corporate employed roughly 100 individuals.


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