Neximmune's Board Of Directors Approved The Liquidation And Wind-up Of The Company, Subject To Stockholder Approval, While Continuing To Pursue Alternatives Intended To Maximize The Value Of The Business And Its Assets - 8K
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Neximmune's board of directors has approved the liquidation and wind-up of the company, subject to stockholder approval. The company is also pursuing alternatives to maximize the value of the business and its assets. A special meeting of the stockholders will be called to seek approval of the plan of dissolution.
November 03, 2023 | 7:44 am
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Neximmune's board has approved the company's liquidation, subject to stockholder approval. This could potentially impact the company's stock price.
The announcement of a company's liquidation usually leads to a decrease in the company's stock price as it indicates that the company is in financial distress. However, the company is also pursuing alternatives to maximize the value of the business and its assets, which could potentially mitigate some of the negative impact.
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