The Limestone Boat Company Limited announces that it has implemented significant cost savings measures, including the layoff of approximately 30 employees and temporary curtailment of operations at its manufacturing facility in White Bluff, Tennessee. The Company has made these difficult and strategic decisions to preserve its sustainability in the interests of all of its stakeholders. The Company continues to pursue alternative liquidity and financing proposals and remains committed to continuing its long-term operations.

The Company also reported the withdrawal of its proposed debt financings previously announced on August 11, 2022 and October 21, 2022.