McPhy Energy:

Core Viewpoint - McPhy Energy has initiated a judicial reorganization process as of June 4, 2025, following previous conciliation proceedings, with the aim of addressing its financial difficulties and exploring potential asset sales [1][2]. Group 1: Judicial Reorganization Details - The Belfort Commercial Court has appointed a judicial administrator to oversee the reorganization process [1]. - A new deadline for submitting offers for McPhy's assets has been set for June 13, 2025, with a hearing scheduled for June 24, 2025, to review the offers received [2]. - If no viable offers are received, liquidation proceedings will commence, potentially leading to the delisting of McPhy's shares, with a high likelihood of residual value being nil due to liabilities exceeding asset realizations [3]. Group 2: Subsidiary Proceedings - Concurrently, McPhy has initiated proceedings to address difficulties faced by its subsidiaries in Germany and Italy, with expressions of interest already received for some of their assets [4]. Group 3: Shareholders' Meeting Postponement - The Annual Shareholders General Meeting, originally scheduled for June 17, 2025, has been postponed, with a new date to be announced later [5]. Group 4: Company Overview - McPhy specializes in hydrogen production equipment and aims to support the global transition to low-carbon hydrogen solutions, offering a range of products for industrial, mobility, and energy sectors [6]. - The company has been active since 2008 and operates three development, engineering, and production centers in Europe [6].