Pareteum Corporation a global cloud Communications-Platform-as-a-Service (CPaaS) company, announced that due to ongoing liquidity requirements it intends to evaluate a range of strategic alternatives. These strategic alternatives include, but are not limited to, a sale or other business combinations, financing, and/or restructuring transactions.
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Pareteum has engaged FTI Capital Advisors, LLC to assist with the evaluation process.
The Company has not set a timetable for the conclusion of its consideration of strategic alternatives, and it does not intend to comment further unless and until a specific course of action has been approved or the Company has otherwise determined that further disclosure is appropriate or required and in accordance with the requirements of applicable securities laws.
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