The deadline for the share purchase agreement by EIP of the entire shareholding held by BAI in GlobalCapital has expired.
EIP was, however, still intent on acquiring a shareholding in the company and wanted to inject up to €15 million.
The auditors had pointed out in the company's latest financial report that the future of the company as a going concern was dependent on the injection of capital.
In a company announcement today, GlobalCapital said that given the other options available the adoption of the going concern basis in remained appropriate.