Paragon

paragon and its subsidiaries paragon electronic and paragon movasys have filed insolvency petitions with the local court in Paderborn due to insolvency. The reason is the non-payment of a contractually promised loan disbursement in the double-digit millions by an investor, which means paragon can no longer meet due liabilities. Management expects business operations to continue after a provisional insolvency administrator is appointed. » Mere på finanzen.net

paragon’s management plans to prepare the transfer of the limited partner shares from the regulated market (Prime Standard) to the open-market segment Scale to reduce regulatory and administrative burden while maintaining capital-market presence in Frankfurt. Management considers Scale better suited to the company’s current size. After the Frankfurter Wertpapierbörse confirms the eligibility requirements, paragon intends to apply for delisting from the Prime Standard and admission to Scale, aiming to complete the move by Q2 2026 at the latest. A delisting takeover offer is not required under current law. » Mere på finanzen.net

Terra Innovatum reports that several technical documents for its SOLO micro modular reactor (MMR) have been accepted by the US Nuclear Regulatory Commission (NRC) for technical review; the NRC aims to complete its review of the Principal Design Criteria report by the end of 2025. The company, which is pursuing a merger with GSR III Acquisition Corp. (GSRT), expects a safety evaluation by April 2026, has signed an MoU with Paragon Energy Solutions, and is evaluating potential test sites in New York as part of an RFI response. Terra Innovatum markets the 1 MWe helium-cooled SOLO as an off-grid, carbon-free power source for data centers, remote communities and industrial applications and targets commercial availability within three years. » Mere på de.investing.com