Zettai has submitted in its filing that it has committed to providing a cash flow forecast to the court, although valuing its cryptocurrency assets might be challenging. The company is also expected to offer periodic updates on the progress of its restructuring and court proceedings through emails, blog posts and push notifications.
In an effort to recover from the crisis, Zettai’s management is in discussions with 11 different cryptocurrency exchanges and trading businesses to explore potential rescue financing and strategic partnerships.
To date, three non-disclosure agreements have been signed with major players in the cryptocurrency market. These potential partners are considering various forms of support, including capital…
