Cabasse: Judicial Liquidation Ordered, Shares to be Delisted from Euronext Growth
The Montpellier Commercial Court has ordered, by judgment of April 20, 2026, the conversion of Cabasse's judicial reorganization procedure into judicial liquidation. The French luxury high-fidelity audio company, listed on Euronext Growth, will have its shares delisted from the market.
Court Decision on Cabasse's Future
Cabasse announces that the Montpellier Commercial Court has decided, by judgment rendered on April 20, 2026 at the request of the judicial administrators, to convert the judicial reorganization procedure opened on March 9, 2026, into judicial liquidation. The court approved a transfer plan in favor of the German law company Loewe Technology, selected from several takeover bids reviewed during the hearing on April 16, 2026. No recovery plan through business continuation had been filed.
Transfer Plan and Employment Impact
The transfer plan to Loewe Technology ensures the continuation of Cabasse's activities and the preservation of almost all jobs, with 24 out of 27 employees being retained. The liquidator will soon request the delisting of Cabasse shares from the Euronext Growth® market in Paris. Meanwhile, the share price remains suspended and will not resume trading.
Financial Impact on Creditors and Shareholders
Given the level of the company's liabilities, creditors will suffer a very significant loss, which could cover the entirety of their claims. Shareholders and bondholders will face a total loss of their investment.
