The two ex-jurors from the “Lion’s Den”, Georg Kofler (left) and Ralf Dümmel, posed with the stock market bull in 2021. Today her company The Social Chain AG announced that it would file for insolvency.
(Photo: social chain ag/ angelika zinzow, PR)
Dusseldorf, Berlin It’s only been a month since the online trading company Social Chain wanted to herald its future. “Social Chain will become Tomorrow Now,” the company announced in its company presentation at the Annual General Meeting in June. The company, known from the TV show “The Lion’s Den”, should become more efficient, more innovative and more focused.
Now the listed company, run by TV juror and ex-Pro-Sieben boss Georg Kofler, is bankrupt. Social Chain has announced that it will file for insolvency in a mandatory notification. After a thorough examination, the board of directors came to the conclusion that “there is no longer a positive forecast for the company’s continued existence,” according to the statement on Monday.
A planned capital increase through the issue of 4.5 million new shares had previously failed. Since an important investor has not met its payment obligations and talks about the provision of further funds have failed, there is now “no longer a sufficient probability” that the “short-term financial needs of the company can be covered,” said Social Chain.
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