This is a continuation of Game Over: The Trustee, The Bank, and the Shape That Wouldn’t Die. If you haven’t read yesterday’s post, start there
Day two. The journey after the return to the master position. Nobody gives you credit. Nobody supports you. And everybody — everybody — is trying to block you from continuing the business. That’s the environment. That’s what we walked into this morning. So let me tell you what we did with it.
Shape Robotics Is Back on CVR
All day long, we fought through something that should have been simple but turned into an exercise in absurdity — getting Shape Robotics reinstated on CVR, Denmark’s official business registry.
It’s done. Shape Robotics AS is operational again on CVR. No more under konkurs. I have an official position. We have a board. This is the first concrete step that allows us to engage Nasdaq Copenhagen about resuming trading.
The bankruptcy was annulled on March 5. Five days later, the company exists again on paper. That might sound like bureaucracy. It’s not. It’s the foundation everything else gets built on.
The Trustee Who Won’t Let Go
The biggest challenge today was getting documents from our beloved former trustee, Mr. Teis Gullitz-Wormslev. As expected, he’s hiding them. We sent him a formal request. He didn’t respond. We made the fact that he wasn’t responding public on LinkedIn. Then suddenly an email appeared.
The contents? Laughable. He sent us the list of creditors. Just the list. Nothing else from the eleven-section, seventy-two-hour handover demand we filed.
But the list is enough to start. And what it shows is telling.
The Reconstruction War Room
We’ve built what I’m calling the Reconstruction War Room. Here’s what we’re working with:
Active claims: DKK 479 million
Hostile block: DKK 23 million
Contested claims: DKK 392 million
Number of creditors: 59
To file for reconstruction instead of bankruptcy, we need either 25 creditors or 66.7% of the total claims to vote in favor. This is feasible. This is doable. A significant portion of these claims were generated under circumstances we intend to contest.
The full list will be made public on the website, along with a live tracker showing our progress — which creditors we’ve contacted, which negotiations are ongoing, how close we are to the threshold.
The reconstruction plan rests on two pillars:
1. Resume trading on Nasdaq and restore the IRIS Capital equity line. The shareholders are behind this. Communication with them has been strong and supportive.
2. The Bechtle contract. We still hold a 40 million euro contract. It’s real. It’s part of the plan. It’s the operational backbone of the reconstruction.
If we get 67% to vote for reconstruction in the coming weeks, the company is saved. That’s the mission. Full force.
The Petitioner Wants Out
Here’s the part that should make everyone sit up. I’ve already spoken with Treyd — the company that filed the original bankruptcy petition back in November 2025. The same petition that was unlawfully served. The same petition that triggered fifty-nine days of destruction.
Treyd is interested in canceling their claim. Read that again. The company that started this entire chain of events may withdraw. We might not even have a bankruptcy petition to answer when the case returns to the Maritime and Commercial Court.
The Real Problem: Danske Bank and Kromann Reumert
Strip away the noise and there are two names left standing in the way. Danske Bank. Kromann Reumert.
We have a trustee who spent fifty-nine days inside the company. A trustee from the same law firm — Kromann Reumert — that Danske Bank hired to settle the loan they defaulted on against us. The same firm. The same people.
And during those fifty-nine days, they wrote DKK 199 million in assets to zero while withholding company funds. They avoided the settlement agreement they had signed with us. They acted in the interest of one creditor — Danske Bank — while claiming to serve the estate.
I will lay out exactly what they did. Every detail. Every document. Every decision. But that’s for the next chapter. Today, we build.
What Happens Next
The team is 100% behind this. We’re working to get everything in order within the next two to three days. Even if the trustee refuses to hand over the papers, we go directly to the creditors. We talk to every supplier. We negotiate face to face.
I’ve already engaged the friendly creditors on the list. The conversations are happening. The numbers are moving.
We’re also building a dashboard — a public-facing web page where you’ll be able to track the reconstruction in real time. Document sharing. Live updates. A proper war room, open to the community.
Tomorrow morning, we may have breaking news from some of the negotiations happening tonight.
Light at the End of the Tunnel
We won a big battle on March 5 when three judges unanimously annulled the bankruptcy. Now we finish the war.
Game over.
Mark Abraham
CEO, Shape Robotics AS
March 10, 2026
This is Part 2 of the daily update series following the annulment of the Shape Robotics bankruptcy. Part 1 — Game Over: The Trustee, The Bank, and the Shape That Wouldn’t Die — covers the return to the CEO position and the first day’s events.
This post is part of Wild CEO — The Journey, a series documenting what happens when a CEO refuses to stay silent about corporate misconduct in Scandinavia. Subscribe to follow this story as it unfolds. Share it with anyone who cares about corporate accountability, shareholder rights, and the rule of law.
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