Italy-based Directa Plus has announced a significant organizational update as it enters a period of financial and operational uncertainty. Trading of the company’s shares on AIM has been suspended while it works to clarify its funding position and assess next steps.
The company has been seeking new funding arrangements to extend its limited cash runway, and has warned that, without securing additional backing, it may ultimately have to move towards administration. In parallel, Directa Plus will work with corporate restructuring advisers to protect stakeholders’ interests and support an orderly process.
Directa Plus, known for its graphene technologies and applications across textiles, environmental remediation, and composites, has also reported that the board of its main Italian subsidiary has decided to proceed with a voluntary liquidation process, expected to complete in late April, while operations continue in the meantime. As part of its broader response to the situation, the company is exploring strategic options including the potential sale of non-core assets, such as land and activities held through its Romanian environmental subsidiary.
