(RTTNews) - Marin Software (MRIN) said its Board has approved a Plan of Dissolution and Liquidation, subject to the approval of stockholders. The Board has determined that an orderly wind-down of operations is in the best interest of stockholders.
If the Plan is approved by stockholders, the company intends: to wind down and cease remaining operations in an orderly manner; to delist shares of common stock from Nasdaq; to satisfy or resolve outstanding liabilities and obligations; to explore any further opportunities to dispose of some or all of its assets; and to distribute any available net proceeds to stockholders.
Marin Software expects to convene a special meeting of stockholders during the second quarter of 2025 to seek approval of the Plan of Dissolution, and will file proxy materials with the SEC in the coming weeks.
Shares of Marin Software are down 33% in pre-market trade on Thursday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
