algoWatt, a GreenTech Company listed on the Euronext Milan market of Borsa Italiana, following the press release issued on 8 November 2023, informs that, with an order issued today, the Court of Milan decided not to grant the extension of the asset protection measures requested by the Company, in light of the modification, occurred during the negotiated crisis settlement procedure, of certain elements characterising the restructuring path undertaken. Also in order to enhance the results achieved in the pendency of the negotiated crisis settlement procedure, upon the outcome of the negotiations conducted with the Company’s major creditors, algoWatt reserves the right to proceed with the planned restructuring through an alternative instrument provided for and regulated by Legislative Decree No. 14 of 12 January 2019.
