UK-listed online gambling technology provider Nektan Plc is entering administration once again after failing to find enough cash to keep its operations going.

On Tuesday, Nektan issued a notice that it had requested a halt in trading of its shares on the UK’s Alternative Investment Market (AIM), “pending clarification of the company’s financial position.” Shortly thereafter, the company announced that it had “failed to secure the necessary funds for the requisite additional working capital necessary to secure the future of the Company.”

As a result of this financing shortfall, Nektan said it had “commenced the process in the Gibraltar courts to seek to appoint an administrator, whose appointment is expected to be effective later today.”

Trading in Nektan’s shares was previously halted in January after the company failed to file its 2019 financial report on schedule, with the company’s ongoing restructuring efforts cited as the chief cause of the delay. A court then assigned PCR London execs the job of administrating Nektan Gibraltar, leading to the sale of Nektan’s B2C operations to Grace Media Ltd.