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The latest announcement is out from Redflow Limited ( (AU:RFX) ).
Redflow Limited has announced that its appointed liquidators, Richard Hughes and David Orr, have provided an update to creditors regarding the liquidation process and the sale of the company’s assets and intellectual property. A meeting of creditors is scheduled for June 23, 2025, to discuss the proposed transaction, which requires creditor approval due to its extended settlement timeframe. While the details of the transaction remain confidential, it is expected to offer the best value and return for creditors, marking a significant step in the company’s liquidation proceedings.
More about Redflow Limited
Redflow Limited operates in the energy storage industry, focusing on the development and sale of zinc-bromine flow batteries. These batteries are designed for various applications, including renewable energy integration and grid stabilization, catering to both commercial and industrial markets.
Technical Sentiment Signal: Sell
Current Market Cap: A$25.64M
Learn more about RFX stock on TipRanks’ Stock Analysis page.