Nordic Unmanned ASA - Resolution to file petition for bankruptcy

03 Feb 2025 23:06 CET

3.2.2025 23:06:23 CET | Nordic Unmanned | Inside information

The board of directors of Nordic Unmanned ASA (the "Company") has today, 3.
February 2025, resolved to file a petition for bankruptcy at Sør-Rogaland
tingrett (Sør-Rogaland District Court).

The decision is based on the Company facing an immediate lack of liquidity,
estimated to be in the amount of MEUR 4, mainly based on loss of bids assumed to
be won, lack of expected funds for services delivered, additional unforeseen
capex and financing needs in its subsidiaries. While the Company has sought to
explore all realistic potential mitigating actions, this has unfortunately not
led to the identification of any viable solution to the situation in time.

Questions regarding the further bankruptcy proceedings should be addressed to
the bankruptcy trustee when appointed by Sør-Rogaland District Court.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock
exchange announcement was published by Tarjei Lode, Chief Financial Officer in
Nordic Unmanned ASA, at the time and date stated above in this announcement.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Stig H. Christiansen, CEO, Nordic Unmanned ASA, +47 478 07 813,
shc@nordicunmanned.com
* Tarjei Lode, CFO, Nordic Unmanned ASA, +47 46937008, tl@nordicunmanned.com

ABOUT NORDIC UNMANNED

NU Group is a leading European provider of advanced, drones, sensors, AI-powered
drone solutions, and UAS-agnostic drone-as-a-service operations. The company
serves government agencies, Ministries of Defence, security clients, and
corporate clients, offering cutting-edge technology solutions for a wide range
of applications, including:

* Empowering defenders and protect lives?
* Autonomous efficiency and optimized operations?
* Safe and environmentally friendly collection of live, actionable data
insights?

Founded in Norway in 2014, NU Group has offices in Sandnes (NO), Cranfield (UK),
Hasselt (BE) and Arnsberg (GER). Nordic Unmanned ASA employs approx. 100 FTEs
and is listed on Euronext Growth with the ticker NUMND. The Group's operating
history is 20 years based on AirRobot in Germany.

For more information visit - https://www.nugroup.eu/

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847587/18407695/5579/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

637648_Download announcement as PDF.pdf