Endor AG Reports on Investor Process and Capital Increase Considerations

Endor AG has announced that its ongoing investor process is conducted without any preconceptions about the outcome. The company, based in Landshut, confirmed on April 26, 2024, that no decisions have been made regarding a potential capital increase. This statement was made to clarify speculations surrounding the involvement of majority shareholder Thomas Jackermeier in potentially raising new capital and securing liquidity.

The company disclosed an expectant liquidity requirement of EUR 25 million by October 2024 and is currently in discussions with various investor groups to meet this need. These discussions include possibilities of collaborating with investors associated with Mr. Jackermeier to explore different financial arrangements. Endor AG is considering a range of options, from equity injections via capital increases to investor entries through legal instruments, aligned with the StaRUG framework, which aids in company stabilization and restructuring. Furthermore, the management has not approved a new share subscription, ruling out current shareholder participation in share subscriptions.

Despite these ongoing financial assessments and discussions, Endor AG reaffirms adherence to its revenue and earnings forecast previously issued on February 2, 2024.