Accura is facing mounting pressure to disclose more details about its troubled finances.
In a letter to the company’s board, Accura CEO John J.W. Wu said the company would be “no different” from other financial services companies in that it has “no money, little work, and no life.”
Wu wrote that Accura would disclose the total amount of money it has borrowed to date and the amount of debt it has accrued since inception and that it would “no longer engage in any activity that would lead us to default.”
The company has faced several setbacks since it was spun off from JP Morgan Chase and went public in May.
The company announced on May 29 that it was shutting down its $3 billion acquisition of financial services giant Credit Suisse and that Chief Financial Officer Jeffrey F. Hall will take over.
Wu told shareholders last week that he was confident the company could continue to make progress.
Accura is currently in the midst of an audit, and Wu told the company he expected the results to be released next week.
Accuray Financial Services Inc., the parent company of Accuray, announced in February that it had raised $12.5 billion from private equity firm Cerberus Capital Management.