The administrators of StrongRoom AI are working on an urgent sale of the company’s assets despite a Federal Court freezing order requested by a major investor who suspects the collapsed pharmacy software start-up provided misleading financial information.
Advisory firm HLB Mann Judd said late on Tuesday it was seeking expressions of interest and would entertain prospective buyers until Monday. The administrators acknowledged the sale may not proceed, given that Federal Court judge Roger Derrington had agreed to freeze the company’s assets this week.
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Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
