STOCKHOLM, SE / ACCESSWIRE / February 27, 2024 / Re:NewCell AB (publ) (FRA:6QP, Financial) (STO:RENEW, Financial)
Re:NewCell AB (publ) ("Re:NewCell") announces that the Stockholm District Court has decided to approve the previously communicated bankruptcy application and has declared the company bankrupt. The appointed bankruptcy trustee is lawyer Lars-Henrik Andersson at Cirio Advokatbyrå.
For further information, please contact:
Magnus Håkansson, acting CEO, [email protected], 076-887 20 02
Michael Berg, [email protected], 070-366 44 32
About Renewcell
Re:NewCell AB (publ) ("Renewcell") developed a patented process that enables the recycling of cellulosic textile waste, such as worn-out cotton clothes and production scraps, transforming it into a pristine new material called CIRCULOSE®. Founded by innovators from Stockholm's KTH Royal Institute of Technology in 2012, the award-winning, Sweden-based sustaintech company's vision is to make fashion circular.
Through its patented process, Renewcell is able to recycle cellulosic textile waste, such as worn-out cotton clothes and production scraps, transforming it into a pristine new material called CIRCULOSE®. Fast Company named Renewcell one of the World's Most Innovative Companies in 2021, as well as World Changing Idea in 2023. CIRCULOSE® was also included on TIME Magazine's list of the 100 Best Inventions 2020.
Renewcell is a publicly listed company with shares traded on Nasdaq First North Premier Growth Market with the ticker name RENEW and ISIN code SE0014960431. FNCA Sweden AB is Certified Adviser.
SOURCE: Re:NewCell AB (publ)
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