Nustay
Hospitality · 11-50 Employees
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Overview
Phone Number
+45 36090316Website
www.nustay.comRevenue
$5.1 MillionIndustry
ZI Rank: 1
Signal Type
Dec
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ZI Rank
1
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About Nustay
Nustay is a Danish online hotel booking company established in 2014. The company has developed an innovative booking platform offering the lowest possible hotel prices while also enhancing customer's booking experience. Nustay has set out an ambitious vision to become the global leader within the online hotel booking industry, and is confident its large hotel room inventory, novel pricing strategy, and transparent booking process, will achieve that goal.Explore more
Nustay Org Chart
TH
Supervisor, Operation Team
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Nustay is experiencing very low activity levels compared to other companies in the Hospitality sector.
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2015
Private Equity
$500K
Nustay Tech Stack
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Nustay News & Media
Nustay files for bankruptcy following serious challenges of the COVID-19 crisis
Nustay A/S (“Nustay”) has today announced that as a result of the COVID-19 crisis, it will be filing for bankruptcy. The company has experienced a very significant drop in sales volume due to the continuing global travel restrictions - with sales at 5% of the volume of January and February 2020. This continued industry-wide uncertainty has also made meant that the company has been unable to secure sufficient funding to continue operations. COVID-19 crisis has continuedNustay A/S: Update on financial situation
Nustay A/S (“Nustay” or “the Company”) hereby announces that the Company does not have sufficient capital to sustain operations for at least three months. Currently, Nustay estimates that it has funds that will be sufficient for approximately one month. The Company is working intensively to explore different alternatives to secure financing. Nustay cannot, however, make any precise estimates in terms of its capital need, as this is dependent on potential future revenue, which is difficultRegistration at the Danish Business Authority
Nustay A/S (“Nustay” or “the Company”) hereby informs that the warrants that were issued in connection with the warrant exercise that ended on September 10[th], 2020 have been registered with the Danish Business Authority. Number of shares and share capital In total, 31,709 warrants were exercised. This means that a total of 31,709 new shares has now been registered with the Danish Business Authority (Danish “Erhvervsstyrelsen”). After the registration, the total number of shares inNustay announces outcome of the warrant exercise
September 10[th], 2020, was the last day in the exercise period for the warrants that were issued in connection with Nustay A/S (“Nustay” or “the Company”) issue of units during March 2020. In total, 31,709 warrants were exercised, corresponding to a subscription rate of 0.2 percent. Warrant exercise In total, 31,709 warrants were exercised. This means that a total of 31,709 new shares will be registered with the Danish Business Authority (Danish “Erhvervsstyrelsen”) and that
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Nustay is a Danish online hotel booking company established in 2014. The company has developed an innovative booking platform offering the lowest possible hotel prices while also enhancing customer's booking experience. Nustay has set out an ambitious vision to become the global leader within the online hotel booking industry, and is confident its... Read More
