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Renewcell AB
Cardellgatan 1
STOCKHOLM, 114 36  Sweden
Filed for Bankruptcy on 2/25/2024
On 2/25/2024, The Board of Directors of Renewcell AB filed for Bankruptcy with the Stockholm District Court. The Filing was due to the Company not being able to secure sufficient financing to complete the strategic review announced on 11/20/2023.
On 2/27/2024, the Bankruptcy application filed by Renewcell AB was approved by the Stockholm District Court and declared the Company Bankrupt
This company is no longer actively traded on any major stock exchange.
Business Summary
Renewcell AB is a Sweden-based textile-to-textile recycling company. Renewcell provides an alternative raw material for textile production that replaces resource-intensive material such as cotton, or petroleum-based material such as polyester. The Company’s patented process recycles the cellulose in used cotton textiles and makes sheets of pure, natural and biodegradable dissolving pulp, which is then used as a raw material for manufacturing textile fibres such as lyocell and viscose. Renewcell’s dissolving pulp is sold to fibre producers under the trademark Circulose. Circulose pulp can be used in several industrial applications. It serves primarily textile production in the garment industry, where demand for sustainable material is high.
(Source: PROSPECTUS)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202312/31/2022Yes----

Industries
SIC Code Description
2399 Fabricated textile products, not elsewhere classified
2269 Finishers of textiles, not elsewhere classified
2824 Manmade organic fibers, except cellulosic

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board MichaelBerg 59 5/17/2022 5/17/2022
Acting Chief Executive Officer MagnusHakansson 60 10/16/2023 10/16/2023
Chief Financial Officer PeterSchulz 50 1/1/2024 1/1/2024
9 additional Officers and Directors records available in full report.

General Information
Outstanding Shares: 41,254,659 (As of 9/30/2023)
Stock Exchange: STO


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Wednesday, April 24, 2024