Pixium Vision announced on Thursday that it would be requesting conversion of its safeguard procedure into a receivership, as well as the launch of a search for a buyer.

The bionic vision specialist explained that it had been unable to find financial investors within the tight timeframe and at the level of its needs, which meant that a safeguard plan was no longer an option.

Last week, the company announced that it had opened safeguard proceedings in the absence of the funds required to meet its obligations after the end of November.

An invitation to tender for the takeover of the business is due to be published later today, with a deadline for bids set by the receivers for November 20.

In a press release, Pixium indicates that it plans to provide regular information to the market on the progress of the procedure and, more generally, on its financial situation.

Listed on the Paris stock exchange, the share rebounded by 28% after this announcement, but is still down 94% since the start of the year.

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