The Board of Directors has taken the decision to file for the company’s bankruptcy.
The Board of Directors has, after it became clear that there are no conditions for executing the reverse take-over with GameCubed, Spotlight’s decision to delist the company as of April 17, and the financial turbulence that has arisen in connection with the new coronavirus, the Board of Directors finds it impossible to raise the necessary capital to ensure continued operation, it states. The Board of Directors has decided to submit its own application for the company’s bankruptcy when the company is in a state of insolvency.
Lund District Court has decided that the company should be declared bankrupt.
QuickCool is a Swedish medical technology company, whose business concept is to prevent brain damage in acute ischemia (Inadequate blood supply to the brain) by developing and providing a cooling system, the QuickCool SYSTEM. QuickCool’s solution protects the brain by cooling in the nasal cavity and thus takes advantage of the innate heat exchanger in the nose. QuickCool was listed on Spotlight Stock Market and conducted its business at Ideon Science Park in Lund.
Photo of the QuickCool System