Digital 9 Infrastructure proposes managed wind-down following strategic review

Subject to shareholder approval

James Baxter-Derrington
clock • 2 min read

Digital 9 Infrastructure has proposed a managed wind-down of the vehicle, following its two-month strategic review launched to “maximise shareholder value”.

According to a regulatory filing, following the review and consultation with financial advisers, shareholders and institutional investors, the board believes the closure of the vehicle is "in the best interests of shareholders as a whole". The board intends to immediately begin sales preparations for the company's wholly-owned assets - Aqua Comma, EMIC-1, Elio Networks and SeaEdge UK1 - ahead of launching competitive processes later in the year. Options to resolve Digital 9 Infrastructure's 'material uncertainty' narrow as 'funding crisis' persists Multiple options were considered ...

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