Kalray Extends Financial Horizon and Explores Business Maximization

Kalray, based in Grenoble, has announced an extension of its financial liquidity until the end of May 2025. This follows the sale of its "Data Acceleration Platform" subsidiary and ongoing negotiations with strategic partners. These steps aim to manage cash flow effectively, contingent on upcoming payments from third parties.

In addition, Kalray is exploring ways to enhance the value of its semiconductor business. Options include selling the business or creating a service offering for hardware acceleration solutions. While negotiations continue, the company advises that there may not be a final transaction. Kalray remains committed to informing its shareholders of any significant developments.