algoWatt S.p.A., a GreenTech Solutions Company listed on the Euronext Milan market of Borsa Italiana, announces that on 29 February 2024 it filed with the Court of Milan a petition, pursuant to Article 44, paragraph 1, letter a) CCII, for the extension of the term granted for the filing of a final proposal for a group composition with creditors or an application for approval of group debt restructuring agreements. As previously communicated on 5 January 2024, the Court had set the date of 4 March 2024 as the deadline for the submission of a final proposal for a group composition agreement or an application for approval of group debt restructuring agreements. algoWatt requested the setting of a new deadline of no less than 60 days in order to be able to better define the plan being prepared. The Company will keep the market promptly informed of the outcome of the application.
