![]() ![]() ![]() Provided that an offer is submitted and an agreement with the bankruptcy trustee is reached, Goodbye Kansas Group aims to continue to operate the Studio business with sustainable long-term financing. Goodbye Kansas Group have entered into bridge loan agreements amounting to a total of SEK 7.25 million (the “Bridge loans”) in order to fund the business until the capital raise has been completed. The listed parent company Goodbye Kansas Group AB will continue to operate, and preparations are being made for a capital raise in order to create financial preconditions to submit an offer in order to acquire the studio business from the estate and secure sufficient working capital. ![]() As a consequence, the Board believes that the five subsidiaries do not have sufficient liquidity for their short-term working capital needs, and that the Company’s total indebtedness is unsustainable in the long term. The strikes in Hollywood have since the beginning of May 2023 halted productions for the film and TV-industry, which accounts for approximately 50 percent of the Company’s sales, and this has created an unsustainable financial situation for Goodbye Kansas Group. The Board of Goodbye Kansas Group AB (the ”Company” or ”Goodbye Kansas Group”) has today decided to declare bankruptcy for its subsidiaries Goodbye Kansas Studios AB, Goodbye Kansas Holding AB, Virtual Brains AB, Goodbye Kansas Infinite AB and Previble AB. ![]()
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