CEO Nick Williams confirms restructuring process as company seeks new shareholders.
Photo credit: Native Instruments – Website
Native Instruments has moved into formal insolvency proceedings, according to a statement shared by CEO Nick Williams. The transition follows earlier reports that the Berlin-based company had entered preliminary insolvency earlier this year.
Williams confirmed that Native Instruments GmbH and several German entities will now proceed through legal restructuring steps. “As part of the restructuring process, Native Instruments GmbH and a number of our German entities will shortly be moving through expected legal steps, including transitioning from ‘preliminary insolvency’ into formal ‘insolvency’…