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(Sharecast News) - Quantum Blockchain Technologies said on Friday that a court in Biella had dismissed an appeal by a Sipiem defendant challenging enforcement proceedings over a third real estate asset, allowing the judicial sale process to resume.
The AIM-traded firm said the property has been valued by a court-appointed surveyor at about 272,600, with an auction set for 21 October 2026 at a minimum offer price of 204,450.
The court also ordered the defendants to reimburse 5,800 of legal costs to QBT's wholly-owned subsidiary CL2017, which is pursuing recovery under a Venice Court of Appeal judgment awarding more than 6m plus interest, inflation compensation and legal costs.
Chief executive and executive chairman Francesco Gardin said the ruling "removes a significant procedural obstacle" and marked "another important step" in recovering the sums awarded to CL2017.
At 1046 BST, shares in Quantum Blockchain Technologies were down 2.72% at 0.35p.
Reporting by Josh White for Sharecast.com.
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