BRIEF-Molekule Group Says Co, Molekule Inc Failed To Maintain Unrestricted And Unencumbered Cash With Svb Of At Least $2 Mln, Event Of Default Under Loan Deals

Reuters

2023/09/25

Sept 25 (Reuters) - Molekule Group Inc :

* MOLEKULE GROUP - CO, MOLEKULE INC FAILED TO MAINTAIN UNRESTRICTED AND UNENCUMBERED CASH WITH SVB OF AT LEAST $2 MILLION, EVENT OF DEFAULT UNDER LOAN DEALS

* MOLEKULE GROUP INC -CONTINUES TO HAVE DISCUSSIONS WITH SVB FOR REACHING DEAL PRIOR TO MAKING VOLUNTARY PETITION UNDER CHAPTER 11 OF US BANKRUPTCY CODE

Further company coverage:

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

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