CohBar Says It Intends To Commence Process Of Liquidating And Dissolving Itself In Accordance With Its Organizational Documents And Applicable Law
Portfolio Pulse from Benzinga Newsdesk
CohBar has announced its intention to begin the process of liquidating and dissolving itself, according to its organizational documents and applicable law, as per an SEC 8K filing.
November 01, 2023 | 1:15 pm
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CohBar's announcement of its liquidation and dissolution process could negatively impact its stock price in the short term.
The announcement of a company's liquidation and dissolution is typically seen as a negative event by investors, as it signals the end of the company's operations and potential losses for shareholders. This could lead to a sell-off of the company's stock, causing its price to drop in the short term.
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