NeoDynamics: Financing issues - Redeye

Redeye provides a note in relation to NeoDynamics’ Q3 2023 report and its current financial situation. The financial results did not include any major surprises. However, we are concerned about the current financial situation and argue there is a considerable risk that NeoDynamics may not find a solution to continue financing the business. We decrease our bear case to SEK0 (0.05) and set our base and bull case “under review.” Moreover, we expect further information about the company’s situation in the near future.

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