Kahl am Main, August 13, 2021 – The SINGULUS TECHNOLOGIES AG postpones the Annual General Meeting scheduled for September 15, 2021, since the audit of the annual financial statements 2020 is further delayed. It is of decisive importance in this context that the going concern forecast is not sufficiently secured in the view of the responsible auditor. For the issuance of the auditor’s certificate, it is important that additional orders are received by SINGULUS TECHNOLOGIES, the financial structure of the company sufficiently covers this and thus that the planned growth is financially secured. In the past couple of weeks, the company was already able to report several new orders and additional agreements are expected to be concluded in a timely manner.
The company is currently reviewing various financing possibilities. These include a large capital increase. Here, the company is already in advanced talks with an investor, who, subject to specific conditions, is willing to guarantee the entire capital increase with subscription rights and to acquire all of the shares not subscribed by the existing shareholders. These discussions are currently ongoing. At this point in time, it cannot be conclusively assessed, whether they will be concluded successfully. For this reason, the company also reviews and pursues alternative financing options.
The Annual General Meeting will be convened as soon as the auditor’s certificate for the annual financial statements for 2020 is issued. The company will inform its shareholders about the further progress in a timely manner.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5