On December 3, 2023, Clean Industry Solutions Holding Europe AB (the "Company") issued a press release with information that the Company's subsidiary Industrial Solar GmbH will file for insolvency proceedings in Germany. The press release further included information on the Company's other subsidiary, SolarSpring GmbH's, financial situation. On December 6, 2023, the shares in the Company were given observation status with reference to substantial uncertainty regarding the Company or the pricing of its financial instruments. On May 21, 2024, the Company issued a press release with information that its wholly-owned subsidiary SolarSpring GmbH will file for insolvency and that the board of the Company will propose that the annual general meeting of the Company decides on liquidation of the Company. In addition, provided that the general meeting decides to liquidate the Company, the board will apply for the delisting of the Company's shares from Nasdaq First north Growth Market. On June 28, 2024, the Company issued a press release with information that the annual general meeting of the Company has resolved on a voluntary liquidation of the Company. Today, on July 16, 2024, the Company issued a press release with information that the liquidator of the Company had submitted an application for delisting of its shares from Nasdaq First North Growth Market. Nasdaq Stockholm AB has also received such an application from the Company. The rules of Nasdaq First North Growth Market state that a listed company can be given observation status if the issuer has applied to have the shares removed from trading. With reference to the above, Nasdaq Stockholm AB decides to update the observation status for the shares in Clean Industry Solutions Holding Europe AB (CISH, ISIN code SE0011762517, order book ID 228879). For further information about this exchange notice please contact Enforcement & Investigations, telephone +46 8 405 70 50. Nasdaq Stockholm AB
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