Mars One Ventures AG in administration
Basel, February 12, 2019 - Mars One Ventures AG in Administration
On February 5, 2019, the Court of Appeal of the Swiss canton Basel-Stadt confirmed that the Swiss corporation Mars One Ventures AG, one company of the Mars One group, is in administration. The company has a thirty day window to reverse the administration process.
Mars One CEO Bas Lansdorp emphasized that the related entity the Mars One Foundation is not affected by this procedure.
Trading of the shares of Mars One Ventures AG, listed on the Frankfurt Stock Exchange, was suspended for non-compliance with the FSE regulations when the number of shares was increased in 2017. The company was on its way to correct these compliance problems for the resumption of trading of the shares; these efforts were upended by the current situation.
During the last few months, discussions have been held with a new investment company. The goal of the investor and Mars One is to achieve either a reversal of the administration or a restart based on a financial agreement with the liquidator.
The total debts of Mars One amount to CHF 1.1 million (approximately € 1 million). The investment company has expressed its intention to reach an agreement with all creditors.
Once out of administration, Mars One will redirect its focus. For the execution of the actual voyage to Mars, the company will continue to seek strategic collaboration with renowned companies and organizations involved with the travel to Mars. Mars One itself will focus on the even more inspiring “being there”, the adventurous story of humans actually living on Mars, making The Red Planet their new home.
Utilizing its new investment plan, Mars One Ventures will establish a marketing machine, creating continuous content about these activities, evaluated from all angles, including technological, psychological, economical, and ethical aspects.
The new investor will present its plans at a press conference on Wednesday, March 6, 2019, at a location to be determined.
- For immediate release
- No further information will be released until the press conference of March 6.