BRIEF-Molekule Group Says It Is Exploring Various Capital Raising Opportunities, Including Rights Offering

Reuters

2023/08/24

Aug 23 (Reuters) - Molekule Group Inc :

* MOLEKULE GROUP - EXPLORING VARIOUS CAPITAL RAISING OPPORTUNITIES, INCLUDING BUT NOT LIMITED TO RIGHTS OFFERING OR PRIVATE PLACEMENT OF SECURITIES

* MOLEKULE GROUP: IN DISCUSSIONS WITH PRINCIPAL LENDER, SILICON VALLEY BANK, DIVISION OF FIRST-CITIZENS BANK & TRUST CO TO RESTRUCTURE INDEBTEDNESS

* MOLEKULE GROUP INC - HAS ACCRUED LIABILITIES AND WILL NEED TO OBTAIN FUNDS IN Q3 OF 2023 IN ORDER TO FUND OPERATIONS THROUGH Q3

* MOLEKULE GROUP INC - WILL NEED TO EXPLORE RESTRUCTURING AND REORGANIZATION INITIATIVES

Further company coverage:

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

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