Presto Automation Inc. (PRST)

OTC Markets OTCPK - OTC Markets OTCPK Delayed Price. Currency in USD

0.0030

-0.0001

(-3.23%)

At close: 04:00PM EDT

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GlobeNewswire
Presto Automation Announces Sale Process Backed by Significant Lender Financing
SAN CARLOS, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. and Presto Automation LLC (together, “Presto” or the “Company”), one of the largest AI and automation technology providers to the restaurant industry, today announced an injection of significant operating capital from its senior secured lenders, led by Metropolitan Partners Group (“Metropolitan”). This capital will help support the Company and stabilize its ongoing operations during a sales process for the Company’s bu
Restaurant Dive
Presto Automation puts itself up for sale
The tech firm, which was delisted from the Nasdaq earlier this year, does not anticipate changes to its operations as a result of a sale.