Talenthouse AG (THAG:SWX), a talent platform for creative workers, has seen the SIX Swiss Exchange suspend trading in its stock, according to media reports. The suspension is related to the company’s failure to file its 2022 annual report; meanwhile, Talenthouse said it is working with a new investor to shore itself up. However, a report in The Guardian newspaper in April alleged the company was close to failure and had laid off most of its staff.

In a regulatory filing on 31 May, Talenthouse reported it was unable to file its annual report for 2022 by an extended deadline approved by the exchange and presumed its shares would cease trading on June 1.

“Due to the critical financial situation of the company and having not been provided with the required short-term liquidity until now, the company has not been in a position to comply with such deadline,” according to the filing.

However, Talenthouse said it plans to seek another extension until 31 August to file its 2022 annual report.

“Beyond, the company and the investor are still working on a solution to restructure Talenthouse and its affiliates,” the company said in the filing.

In a regulatory filing on 21 May, Talenthouse announced a new investor identified as Garage Italia Finance Sarl, Luxembourg. It reported Garage Italia entered into agreements regarding the purchase of almost 32% of the voting rights in the company (approximately 5% through a convertible loan) and has rights to purchase another 23%.

In another regulatory filing on 21 March, Talenthouse had announced a corporate restructuring and that a strategic review found substantial outstanding liabilities in some subsidiaries — including salary, tax and social security — in amounts the subsidiaries cannot cover. As such, the company decided to no longer fund the subsidiaries. The subsidiaries were EyeEm Group GmbH, Talenthouse Ltd., Tlnt Group LLC, Zoopa.com Inc. and Jovoto GmbH.

The company had first listed its shares in March 2022.