June 13, 2025: Swiss energy storage group Leclanché said on June 6 it had been granted a further extension for filing its 2024 annual report and that a temporary suspension of shares trading continues.
The SIX Exchange Regulation (SER), which regulates and monitors exchange participants and issuers on the Swiss Stock Exchange, have set a deadline of June 30, 2025 at the latest for the report’s filing, following a request by Leclanché last month.
SIX temporarily suspended trading of Leclanché shares on June 2.
Leclanché said it is pushing ahead with efforts “to achieve and maintain a positive equity position” and to demonstrate the firm’s ability to continue as a going concern through at least June 2026.
These include ongoing work with Pinnacle International Venture Capital Limited on a long-term financing plan of up to CHF 360 million ($430 million), which will support the expansion of production capacity in Germany and strengthen the company’s working capital.
The structuring of this financing is tied to an engineering review process which should be finalized by August 7.
Leclanché has previously said that it was in a situation of negative equity as of the end of last year.