Stockholm District Court approves Re:NewCell’s bankruptcy application

Re:NewCellPörssitiedote27.02.2024 klo 17.10

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, magnus.hakansson@renewcell.com, 076-887 20 02
Michael Berg, michael.berg@live.com, 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.