NeXR Technologies SE: Provisional insolvency administrator commences work -
business operations to continue

EQS-News: NEXR Technologies SE / Key word(s): Insolvency
NeXR Technologies SE: Provisional insolvency administrator commences work -
business operations to continue

02.06.2023 / 15:35 CET/CEST
The issuer is solely responsible for the content of this announcement.

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NeXR Technologies SE: Provisional insolvency administrator commences work -
business operations to continue

Berlin, 2 June 2023

NeXR Technologies SE (XETRA: NXR) informed that Prof. Dr. Torsten Martini,
attorney-at-law specializing in insolvency and reorganization law, GÖRG
Insolvenzverwaltung Partnerschaft von Rechtsanwälten mbB, has been appointed
as provisional insolvency administrator for the Company after filing for the
opening of insolvency proceedings and has commenced his work.

The Berlin-Charlottenburg Local Court (Amtsgericht Berlin-Charlottenburg),
as the competent insolvency court, has appointed Prof. Dr. Torsten Martini
to safeguard the insolvency assets. In addition, it is to be evaluated
whether there are grounds for opening insolvency proceedings and what the
prospects are for the going concern of the Company. In this context, the
insolvency creditors are provisionally prohibited from enforcing claims to
the insolvency assets and are provisionally prohibited from realizing
collateral.

By securing wages and salaries for employees for three months through
insolvency benefits, business operations are to be continued during the
preliminary insolvency proceedings. Together with the management, the
preliminary insolvency administrator is making efforts to prefinance wages
and salaries.

NeXR Technologies continues to evaluate whether and under what conditions
alternative financing options are available.

About NeXR Technologies

NeXR is an international technology company based in Berlin that enables
people and companies to enter the metaverse. With its broad technological
expertise, NeXR is able to harness the full potential of VR, AR, motion
capture, and digital avatars. NeXR implements digital projects in three
areas: extended reality development, high-end avatar creation and live
productions with innovative motion capture technology. Utilizing
high-resolution body scanning technologies, NeXR is able to create perfect
digital replicas and generate valuable data to develop customized solutions
- from realistic online shopping to bespoke sports equipment. In addition,
through novel extended reality technologies, NeXR has created interactive
digital spaces that are far more than mere experiences and have the
potential to transform industries alike.

For more information, please visit www.nexr-technologies.com.

For further information, please contact:
NeXR Technologies SE
Sven Pauly, CROSS ALLIANCE communication GmbH

sp@crossalliance.de
www.crossalliance.de

Phone: +49 (0) 89 125 09 03-31


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02.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        NEXR Technologies SE
                   Charlottenstraße 4
                   10969 Berlin
                   Germany
   Phone:          +49 (0) 30 403 680 143
   Fax:            +49 (0) 30 403 680 141
   E-mail:         sp@crossalliance.de
   Internet:       www.nexr-technologies.com
   ISIN:           DE000A1K03W5
   WKN:            A1K03W
   Listed:         Regulated Market in Berlin, Frankfurt (General
                   Standard); Regulated Unofficial Market in Dusseldorf,
                   Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1648655

End of News EQS News Service
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1648655 02.06.2023 CET/CEST