Divergent Energy Services (TSE:DVG) has released an update.
Divergent Energy Services is facing financial challenges due to a key customer’s slowdown, leading to unpaid invoices since July 2023 and the resignation of key employees in its U.S. subsidiary, Extreme Pump Solutions. To alleviate its cash flow issues, Extreme has sold non-core assets for $140,000 USD. The company is now exploring strategic alternatives, which may include a sale, merger, or reorganization to improve its financial position.
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