Northvolt AB, a battery maker, has called for a shareholder meeting on Wednesday to address discussions regarding the acquisition of $300 million in emergency funding.
The meeting, which is scheduled for the afternoon in Europe, has not been explicitly defined in terms of its agenda, but is described as a regular gathering by one source.
The urgency of the meeting is due to stalled negotiations for raising the necessary capital, highlighting the challenges faced by Northvolt in securing funding.
The outcome of this meeting could have significant implications for the company's financial stability and future operations.