Nearly a third of the employees were laid off last Monday, this morning CEO Peter Friis was dismissed, and an extraordinary general meeting has been called in hopes of attracting new investors and 600 million DKK for the hydrogen company from Kolding - half of it this year and at least the same amount by summer.
Green Hydrogen Systems is running out of money
An upcoming stock issuance is intended to ensure that there are continued funds for operations in the Kolding-based company