WeJo runs out of money – intends to file for administration
Manchester-headquartered tech company WeJo has filed an intention to enter administration.
The car data tracking business had been valued at $800m when it floated on the Nasdaq market in New York in November 2021.
The business currently employs around 275 people in Quay Street in Manchester, the same building as OpenMoney, which has been having problems of its own.
In a legal update to the NASDAQ market yesterday (30 May 2023) WeJo Group filed a notice of intention to appoint an administrator in the High Court of Justice Bu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
