Next2Sun seeks urgent funding to avoid insolvency

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Next2Sun, a German solar company, is seeking urgent funding after raising significantly less capital than expected in a share issue. Without sufficient funds by September 25, the company plans to cancel the capital increase and file for insolvency.

The German company raised significantly less capital than expected through a share issue launched last August. Next2Sun said that if it does not secure sufficient funding by Sept. 25 to ensure “sensible business development,” it will cancel the capital increase and file for insolvency The post Next2Sun seeks urgent funding to avoid insolvency appeared first on pv magazine Global.