Endor AG Announces Extension of Standstill Agreement Amid StaRUG Proceedings

Endor AG has announced that its lending banks have extended the current standstill agreement as part of the StaRUG restructuring proceedings. The proceedings were filed with the Munich Local Court on June 3, 2024. This extension aims to bolster the financial stability of the company.

The move is seen as a crucial step in the restructuring process under the German Act on the Stabilisation and Restructuring Framework for Companies (StaRUG). The company will continue to update the capital markets and the public as required by law.

Endor AG specializes in developing high-end input devices for racing simulations, marketed under the FANATEC brand. The company prioritizes product development and prototype construction through partnerships, mainly in Germany.