ARHT Media Inc. (TSX-V:ART), Bankruptcy

ARHT Media Inc. (TSX-V:ART), a Toronto, Ontario-based provider of hologram technology, filed an assignment in bankruptcy on October 4.

The company, which was founded in 2014, had gained widespread attention after it “beamed” Ukrainian President Volodymyr Zelensky onto the stage at four large European tech festivals in 2022.

The company has recently worked to reduce its overall cost structure but has been unable to secure the financing required to fund its operations until it achieves large scale rollouts of its holographic products.

The process will also impact certain subsidiaries located in California, the UK, Singapore and Hong Kong. 

MNP is the bankruptcy trustee.