BRIEF-Molekule Group Inc On September 18 Commenced A Plan To Reduce Company's Headcount By Approximately 15%

Reuters

2023/09/20

Sept 20 (Reuters) - Molekule Group Inc :

* MOLEKULE GROUP INC- ON SEPTEMBER 18, CO COMMENCED A PLAN TO REDUCE COMPANY'S HEADCOUNT BY APPROXIMATELY 15%

* MOLEKULE GROUP INC- WORKFORCE REDUCTION, INCLUDING RELATED CASH PAYMENTS, WILL BE SUBSTANTIALLY COMPLETE BY DECEMBER 31, 2023

* MOLEKULE GROUP- BOARD OF CO AUTHORIZED CO’S MANAGEMENT TO COMMENCE PREPARATION OF VOLUNTARY PETITION UNDER CHAPTER 11 OF THE U.S. BANKRUPTCY CODE

Source text: [ID: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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