Projection technology developer Digislide (ASX:DGI) has responded to media reports of a wind-up application lodged against it, stating that a compromise has already been reached.
The Adelaide Advertiser on Tuesday revealed that creditor Advanced Technology Solutions had applied to have Digislide wound up.
But the Digislide said it had already made arrangements to settle the debt, and expects that these arrangements will be concluded within the next few days.
Digislide said it would provide more information once it becomes available. After falling 10% on Monday, DGI shares grew 7.14% to $0.225 during Tuesday's trading.