Everledger’s holding company in the United Kingdom is not yet in administration. ‘Difficult and unexpected position’ “The second tranche of funding due to Everledger did not materialise and subsequently we understand that there are external reasons and pressures on this investor which has meant Everledger was placed in a difficult and unexpected position,” Ms Kemp told The Australian Financial Review. “As the founder and with the full support of the board, we took decisive and swift action to protect the interests of stakeholders. “One of the tough, but critically important, decisions made was an immediate redundancy of employees and to...