On November 1, 2023, the shares in Nilar International AB (the "Company") were given observation status with reference to material adverse uncertainty in respect of the Company's financial position. Today, on November 29, 2023, the Company issued a press release with information about the Company's strategic review which includes alternatives such as entering into a strategic partnership or a sale of the Company. The press release further stated that if a short-term financing solution cannot be achieved in the near future, the Company will have to suspend the strategic review and take immediate measures which may involve winding up all or part of the Company's business. The rules of First North Growth Market state that a listed company can be given observation status if any circumstance exists that results in substantial uncertainty regarding the issuer or the pricing of its financial instruments. With reference to the above, Nasdaq Stockholm AB decides to update the observation status for the shares in Nilar International AB (NILAR, ISIN code SE0015950001, order book ID 221609). For further information about this exchange notice please contact Enforcement & Investigations, telephone +46 8 405 70 50.
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