Wejo has postposed formally entering administration for a third time as it continues its battle to secure a rescue deal.
The Manchester-headquartered company has filed a third notice of intent to appoint administrators, giving it a further ten working days to find an agreement.
Wejo filed its first notice with the court in Manchester at the end of May, saying that it intended to appoint Andrew Poxon and Hilary Pascoe of Leonard Curtis Recovery as administrators.
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It then filed a second notice in the middle of June before its latest move on June 27.
Wejo now has until Monday, July 10, to either file another notice, secure a rescue deal or formally enter administration.
In a statement issued when it filed its first notice, Wejo said it was evaluating whether it will file ancillary insolvency proceedings for Wejo Group and its other subsidiaries in other jurisdictions, including in the United States.
Wejo's shares were delisted from the NASDAQ in the US as a result of revealing its intension to appoint administrators.
Earlier this week, BusinessLive reported that a planned reverse-merger involving the connected vehicle data company, which would have raised around $100m, had been cancelled.
