| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
On April 9, 2024, the Second Tier Tax Court denied Groupon S.r.l.’s request for a suspension of the appeal bond and set an expedited hearing date of July 9, 2024 on the merits of Groupon S.r.l.’s appeal of the tax assessment. Given this denial, Groupon S.r.l. is required to post an appeal bond consisting of approximately €21 million, due immediately, and approximately €48 million will be required to be posted on or before October 22, 2024, unless the appeal has been resolved by then in Groupon S.r.l.’s favor.
Based on Groupon S.r.l.’s current liquidity position, it does not have the ability to post the full amount of the First Appeal Bond Portion. In the interim, Groupon S.r.l. will be pausing sales of local vouchers in Italy. Groupon’s online marketplace in Italy (www.groupon.it) will continue to operate and market Groupon goods and travel deals. The Company presently expects the associated revenue loss from pausing local deals in Italy to be approximately €1 million per month.
Posted In: GRPN
