The aim of the procedure is to optimize the Company’s financial structure in order to adapt it to the needs of its future growth
The procedure will also provide a protective framework favorable to the progress of ongoing discussions with strategic and financial partners
The Company’s liabilities prior to the proceedings are frozen during the proceedings
Paris and Boston, March 31, 2025 – 7:00 p.m. CEST – Mauna Kea Technologies (Euronext Growth: ALMKT), inventor of Cellvizio®, the multidisciplinary probe and needle-based confocal laser endomicroscopy (p/nCLE) platform, today announced that the Tribunal des activités économiques de Paris (Paris Business Court) has granted its request to open safeguard proceedings, in view of its financial situation. The Company’s financial horizon is currently secured until the end of June 2025.
This initiative is part of a proactive determination by Mauna Kea Technologies’ management to create the most favorable conditions for the success of its transformation, and to maximize the unique value of its technology. During this observation period, the Company will continue to operate under the legal protection offered by the procedure, while benefiting from more favorable conditions to conclude its strategic and financial negotiations. As such, the Company’s liabilities prior to the proceedings are frozen for the duration of the proceedings.
In this context, Mauna Kea Technologies intends to finalize ongoing discussions with several strategic partners and long-term financial investors.
At the same time, the Company will engage in negotiations with its creditors to reach a balanced financial structure, reducing its indebtedness and securing the necessary liquidity to enable it to deploy its strategic plan towards profitability. To date, the Company’s liabilities stand at €36 million, including €31 million in financial debt.
In this context, the Paris Business Court has appointed SELARL THEVENOT PARTNERS, in the person of Aurélia Perdereau, as administrator with monitoring responsibility for Mauna Kea Technologies, and SCP BTSG, in the person of Stéphane Gorrias, as judicial representative.
The Company will keep the market informed of developments in the proceedings and, more generally, of the financial situation of Mauna Kea Technologies.
