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Mid-Southern Bancorp, Inc. Announces Updated Range of Per Share Consideration in Dissolution Payment and Payment Record Date
Globenewswire· 2025-10-28 20:02
Core Points - Mid-Southern Bancorp, Inc. estimates that shareholders will receive between $17.45 and $17.75 in cash for each share of common stock during the dissolution process [1][2] - The dissolution distribution is expected to be paid on or about November 14, 2025, to stockholders of record as of November 10, 2025 [1] - The company is in the process of dissolving and winding up its business, which is anticipated to take up to two years [4] Financial Considerations - The per share consideration is subject to significant variation based on corporate taxation, cash held by the company, and dissolution costs [2] - Investors should not assume that the final per share consideration will fall within the initially stated range [2] Distribution Process - Pacific Stock Transfer has been appointed as the transfer agent and paying agent for the dissolution distribution [3] - Stockholders holding shares in book entry form will receive checks, while those holding shares through brokers will receive cash distributions directly into their accounts [3] Charitable Intent - Following the completion of the wind-up process, the company intends to donate any residual funds, expected to be nominal, to charitable organizations [4]
Vincerx Pharma, Inc. Announces Additional Adjournment of Special Meeting - Urges Stockholders to Vote FOR Approval of Dissolution Proposal
Globenewswire· 2025-07-16 20:05
Core Viewpoint - Vincerx Pharma, Inc. is urging stockholders to vote for the approval of the Dissolution Proposal, which is crucial for potential distributions to stockholders and to minimize ongoing operating costs [1][2][6] Group 1: Dissolution Proposal - The Special Meeting of Stockholders to consider the Dissolution Proposal has been adjourned to August 27, 2025, to allow more time for soliciting votes [1] - Vincerx estimates a potential distribution range of $0.03 to $0.07 per share for stockholders if the Dissolution Proposal is approved [1][6] - Delays in approving the Dissolution Proposal will lead to increased operating costs, further reducing or eliminating funds available for distribution [1][6] Group 2: Importance of Voting - The board of directors unanimously recommends that stockholders vote for the Dissolution Proposal, emphasizing that every vote is significant [2] - Continued delays in the approval process will result in further expenditures, diminishing the likelihood and amounts available for distribution to stockholders [2] Group 3: Voting Process - Stockholders are encouraged to vote quickly and simply, with instructions provided for voting by phone or internet [3][6] - The company has filed a proxy statement with the SEC detailing the reasons for the Dissolution Proposal and its implications for stockholders [4]