DecideAct announces that the company files for bankruptcy
DecideAct A/S [ACT]
Company Announcement No. 8-2025:
This press release constitutes inside information that DecideAct A/S is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was sent for publication, through the agency of the contact persons set out below, at the time stated by the Company’s news distributor, Cision, at the publication of this press release.
SUMMARY
The Board of Directors of DecideAct ("the Company") announces with regret that the Company Monday 30th June will file for bankruptcy proceedings under Danish law. This decision follows exhaustive efforts over recent months to secure the necessary funding to continue operations.
BACKGROUND AND CIRCUMSTANCES
Throughout 2025, the Company has actively pursued various funding solutions to address both immediate liquidity needs and long-term operational requirements. As previously communicated to the market, the Company identified critical funding gaps that needed to be addressed to maintain operations during 2025.
Despite securing several bridge funding arrangements during this period, these measures have proven insufficient to establish sustainable operations. The Company has simultaneously pursued an acquisition opportunity that included associated funding arrangements. However, these efforts have not materialized within the required timeframe.
DECISION RATIONALE
The Board of Directors, management team, and appointed advisors have worked intensively to explore all available options for the Company's continuation. After comprehensive evaluation of all alternatives, including:
- Multiple funding scenarios and investor discussions
- Strategic partnership opportunities
- Operational restructuring options
- Asset realization possibilities
The Board has concluded that continuing operations would not be responsible toward stakeholders, creditors, and shareholders. The Company has reached a point where further continuation without adequate funding would risk additional financial exposure for all parties involved.
IMMEDIATE ACTIONS
- The Company has today decided to file for bankruptcy proceedings with the relevant Danish court
- Trading in the Company's shares on Nasdaq First North Growth Market Denmark is expected to be suspended immediately by Nasdaq.
- All operational activities will now be conducted under supervision of the court-appointed bankruptcy trustee
- Creditors and stakeholders will be contacted directly regarding the proceedings
STAKEHOLDER IMPACT
The Board deeply regrets this outcome and acknowledges the significant impact on:
- Shareholders who have supported the Company
- Employees and their families
- Customers and business partners
- Creditors and suppliers
NEXT STEPS
Further information regarding the bankruptcy proceedings, including details about the appointed trustee and creditor meetings, will be communicated as it becomes available through official channels. Till this is settled the company will try to keep the services running.
The Company will provide updates on material developments in the bankruptcy process as required under applicable regulations.
Contact Information:
Company:
E-mail: [email protected]
DecideAct A/S
Østre Kajgade 3, 3730 Nexø, Denmark
Certified Adviser:
Keswick Global AG