The annual report is attached to this release. It is also available to download on the company's website:
https://wyldnetworks.com/investor-relations
Material uncertainty relating to going concern
The auditor made the following remark in the auditor's report relating to a significant uncertainty regarding the going concern.
"Without affecting our statements above, we would like to draw attention to the report in the Administration report under the section Liquidity and financing where it is stated that the Board of Directors are aware that the company has a continued need for long-term financing. The Board of Directors are continuously working to evaluate various financing options. However, at each financing round, there is always a risk that capital cannot be raised, which is why there is uncertainty about continued operations until additional capital has been paid in. This condition gives rise to material uncertainty which may cast significant doubt about the company´s ability to continue as a going concern."
An English translation of the auditor's report will be available on the company's website.
The Board of Directors and CEO of
The Board of Directors and the CEO are continuously working to evaluate various financing options. However, in all financing rounds, there is always a risk that capital cannot be raised, which is why there is uncertainty about continued operations until additional capital has been paid in.
For further information, please contact:
E-mail: alastair.williamson@wyldnetworks.com
Tel: +44 7 824 997 689
About Wyld Networks AB
The
Read more on www.wyldnetworks.com
https://news.cision.com/wyld-networks/r/wyld-networks-ab-publishes-annual-report-for-the-financial-year-2023,c3989080
https://mb.cision.com/Main/20640/3989080/2828604.pdf
https://mb.cision.com/Public/20640/3989080/8f1aa35f93c623dd.pdf
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