on KALRAY (EPA:ALKAL)
Kalray Initiates Strategic Asset Review
Kalray, a major player in hardware and software technologies, has announced the launch of a strategic review of its assets. The decision, approved by the Supervisory Board, allows the Executive Board to explore strategic options, including the potential sale of parts of its business.
The move comes after a September announcement about cost reductions and the introduction of "design-on-demand" in its core business. Kalray has engaged Woodside Capital Partners International LLC, a U.S.-based investment bank, to assist in analyzing capital opportunities in the "Data Acceleration & DPU Design" sector.
No specific outcome is guaranteed from this review. Kalray will keep shareholders updated on developments. The company's current funding is secure only until March 2025.
R. E.
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