On November 29 last year, KTM’s parent company, Pierer Mobility, entered a 90-day, court-supervised self-administration process, and presented a restructuring plan to pay off creditors in an effort to avoid bankruptcy proceedings. What was initially reported by Pierer Mobility in a press release to “amount to a high threedigit million (euro)” debt, has since been revealed to be closer to 2.5 billion euros. Compounding the company’s financial woes are floundering stock prices, which dropped in value from their peak of about $143 CDN in 2022, to about $11 by November 2024. Shares have climbed to just over $27 as of this writing.
Documents released by KTM’s law firm, AKV Europa, following a January 24 court hearing for creditors revealed that there are 3,534 claims against KTM AG, including 2,347 claims…