Neubase Therapeutics On Feb 22, Board Determined For Company To Dissolve, Liquidate And Distribute To Stockholders Its Available Assets; Has Been Engaged In Evaluation Of Potential Strategic And Other Alternatives
Portfolio Pulse from Benzinga Newsdesk
Neubase Therapeutics' board decided on Feb 22 to dissolve, liquidate, and distribute its available assets to stockholders, following an evaluation of potential strategic and other alternatives, according to an SEC filing.
February 23, 2024 | 9:07 pm
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Neubase Therapeutics has decided to dissolve and liquidate, distributing its assets to stockholders.
The decision to dissolve and liquidate is a significant event that typically leads to a decrease in stock price due to the cessation of business operations and uncertainty about the value of distributed assets.
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