Guild Esports (GB:GILD) has released an update.
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Guild Esports PLC, a global gaming-focused media company, has disclosed a precarious financial situation with a cash position of £25,000 and liabilities of £1.36 million. The company is exploring various options including additional funding, renegotiating creditor terms, and cost-cutting to manage short-term debts. Guild is also considering strategic alternatives such as asset sales or merging with a larger entity to stabilize its financial footing.
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