Commercial Court (Victoria)

Update on the receivership proceedings: submission of a takeover offer to the court-appointed administrators

Retrieved on: 
Monday, November 20, 2023
Sale, Hearing, Commercial Court, Patient, CET, Euronext Growth, Mnemos EP, Commercial Court (Victoria)

Update on the receivership proceedings: submission of a takeover offer to the court-appointed administrators

Key Points: 
  • Update on the receivership proceedings: submission of a takeover offer to the court-appointed administrators
    Paris, France, November 20, 2023 – 5:45 pm (CET) – Pixium Vision SA (Euronext Growth Paris - FR001400JX97; Mnemo: ALPIX), a bioelectronics company developing innovative vision systems to enable patients who have lost their sight to live more independent lives, whose safeguard proceedings (procédure de sauvegarde) were converted into receivership (redressement judiciaire) by decision of the Paris Commercial Court on November 13, 2023, announces that the court-appointed administrators have today received a takeover offer for the assets and activities of Pixium.
  • The date for the hearing to examine the takeover offer will be set by the Commercial Court by the end of November.
  • The Company draws investors’ attention to the fact that, given the current offer and the Company’s level of indebtedness, the sale proceeds received in the context of the Company’s insolvency proceedings do not allow a total or partial reimbursement of shareholders.

Pixium Vision announces its financial results for H1 2023 and provides update

Retrieved on: 
Thursday, October 26, 2023
Mnemos EP, State, Commercial Court, Bank statement, Euronext Growth, EUR, CET, Commercial Court (Victoria), European, CIC, Patient, Security (finance), Risk management, Cryptocurrency, Bpifrance

The H1 2023 financial statements were approved by Pixium Vision’s Board of Directors at its meeting on 25 October 2023.

Key Points: 
  • The H1 2023 financial statements were approved by Pixium Vision’s Board of Directors at its meeting on 25 October 2023.
  • Our request for an accelerated payment of the Research Tax Credit for the year 2022 for an amount of EUR 1,829,961 was granted and paid during H1 2023.
  • Freeze of the maturities due under the State-guaranteed loans granted to the Company by Bpifrance and CIC was extended until end of September 2023.
  • Given the above, our auditors were unable to express a conclusion on the condensed half-yearly consolidated financial statements.

SHAPING THE FUTURE FOR TECHNICOLOR CREATIVE STUDIOS FOLLOWING AGREEMENT ON ITS REFINANCING

Retrieved on: 
Wednesday, March 8, 2023
AMF, Convertible, Commercial Court, Sale, Commercial Court (Victoria), Technicolor Creative Studios, Prospectus, Fiducial inference, Original issue discount, Lien, AFEP, Mass meeting, Euronext Paris, Commercial, Documentation, Angelo Gordon, Creditor, Annual general meeting, Vantiva, Credit, New Money, Date, Agreement in principle, Film industry, Bank, Security (finance), Cryptocurrency, Lease, Self storage, Euronext, TCS, Principle

Technicolor Creative Studios reaches an agreement in principle on a €170m new money injection, including recapitalization

Key Points: 
  • Technicolor Creative Studios reaches an agreement in principle on a €170m new money injection, including recapitalization
    Paris (France), March 8, 2023 – Technicolor Creative Studios is pleased to announce an agreement in principle that provides a framework for rebound of the Company to the benefit of its studios, talents, customers and suppliers.
  • The Company has reached an agreement in principle on a new financing structure which includes a c.€170 million new money injection.
  • This would enable Technicolor Creative Studios to address its liquidity needs from Q2 2023 and allows operating cash flow to be focused on operational needs.
  • Anne Bouverot, Chairperson, and Caroline Parot, CEO: “This new favorable framework reaffirms the strong commitment of all our stakeholders, in particular our shareholders and lenders, and demonstrates their renewed confidence in the long-term prospects of Technicolor Creative Studios.