News / Blockchain start-up OpenPort goes into liquidation as cash for new tech companies runs dry

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Blockchain logistics start-up OpenPort has notified shareholders it is out of funds and intends to proceed with liquidation.

In an email sent to shareholders last week and seen by The Loadstar, founder and chief executive Max Ward said the Hong Kong-based company had failed to raise enough capital to continue trading.

He wrote: “After innumerable failed attempts to raise capital through investors, existing shareholders, asset sales, and the contemplated reverse takeover of the Canadian listed shell, OpenPort is out of funds and ...