Less than a month after AquaBounty executives said the company was facing possible bankruptcy in January, CEO Ron Stotish told IntraFish on Wednesday that because of the support of its newest investor -- technology company Intrexon -- such a calamity looks highly avoidable now.
“It appears very unlikely at this point that bankruptcy will be the outcome for us,” Stotish said. “There’s no need to go bankrupt if we raise additional money.”
The company has until about the end of March to raise that money, at which point its $500,000 (€378,636) bridge loan from Intrexon will run out.
But
