OP Mobility cuts arbitration claim against Varroc from USD 66M to USD 25M
VARROC · price
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OP Mobility has reduced its arbitration claim against Varroc Engineering and its Dutch subsidiary from about USD 66.4 million to about USD 25.4 million plus EUR 76,514 in legal costs. The original claim was filed in June 2025 over alleged breaches of a Securities Purchase Agreement. Varroc says it will contest the claims and file counterclaims to protect its interests.
Positive for Varroc as claim amount dropped sharply. Company will contest and file counterclaims. Outcome still uncertain.