June 5, 2025: Swiss energy storage group Leclanché temporarily suspended shares trading as of June 2, pending approval of a request to extend the publication deadline for its 2024 annual report while it continued finance negotiations.

Leclanché said on May 31 it had asked the SIX Exchange Regulation (SER), which regulates and monitors exchange participants and issuers on the Swiss Stock Exchange, for a deadline extension until June 30, 2025.

This followed SER’s approval of an earlier deadline extension until May 31.

However, to “reinforce its going concern status through June 2026”, the battery company said it had taken or was pursuing measures to allow publication of the annual report including “active efforts to secure bridge financing of CHF40 million ($49 million)”.

The firm said it was also pursuing continued collaboration with Pinnacle International Venture Capital on a long-term financing plan of up to CHF360 million.

Leclanché has said previously that it was in a situation of negative equity as of December 31, 2024, and continuing to implement a series of measures with the aim to achieve and maintain a positive equity position and demonstrate its ability to operate as a going concern through at least June 2026.