3 days Ago
Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Collapsed pharmacy software start-up StrongRoom AI’s updated financials prepared amid a firesale triggered by fraud allegations show it is days away from running out of cash, and had only $14 million in assets at March 31 after being valued at $70 million earlier in the month. Street Talk can reveal a revised financial update sent last week to StrongRoom’s investors by administrator HLB Mann Judd says the start-up held $1.
4 million across various bank accounts at March 31, down from about $2.65 million the month prior. Sources said this has since fallen to less than a million, despite the c ompany announcing a $17 million raising weeks prior .
Non-binding bids were due on Monday, with final offers due Friday. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.
BOSS Financial Review.
