Pixium Vision announced on Monday that the Paris Commercial Court will rule on December 18 on the only takeover offer received by its receivers.

Coinciding with this decision, the courts will also have to rule on the follow-up to be given to the compulsory liquidation proceedings in which the bionic vision specialist finds itself.

As a reminder, only one takeover offer was submitted before the November 20 deadline for bids, and the candidate will have until December 13, 2023 to improve its offer.

In this context, the company plans to apply to Euronext for the delisting of Pixium shares.

In a press release, the group draws investors' attention to the fact that, in the current state of the offer, and given its level of indebtedness, the proceeds from the sale will not enable shareholders to be fully or partially reimbursed.

Quoted on the Paris Bourse, Pixium Vision's share price fell by over 22%, bringing its decline since the start of the year to over 98%.

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