Updated EKIMAS Corporation Announces Special Cash Distribution
EKIMAS Corporation (OTC Pink: ASNB) announced a special cash distribution of $0.25 per share approved by its Board of Directors on September 12, 2022. This distribution is set for September 22, 2022, payable to shareholders of record as of March 15, 2022. The company is actively exploring merger opportunities to enhance value for shareholders but has not yet entered into any binding agreements. Investors are cautioned that forward-looking statements regarding potential value additions may involve significant risks and uncertainties.
- Approval of a special cash distribution of $0.25 per share.
- Distribution date set for September 22, 2022, providing immediate cash return to shareholders.
- No binding merger agreements in place despite ongoing investigations.
- Forward-looking statements carry significant risks and uncertainties.
Las Vegas, NV, Sept. 12, 2022 (GLOBE NEWSWIRE) -- EKIMAS Corporation (OTC Pink: “ASNB”) today announced that the Company’s Board of Directors approved a special cash distribution of
About EKIMAS Corporation
EKIMAS Corporation, is engaged in efforts to identify an operating company to acquire or merge with through an equity-based exchange transaction that would likely result in a change in control. Although certain opportunities have been investigated to determine whether a potential merger opportunity could add value for the benefit of the Company’s shareholders, the Company has not yet entered into any binding arrangements.
Cautionary Note Regarding Forward-Looking Statements
Some of the statements in this release are or may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections presented or implied and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "believe," "expect," "anticipate," "project," "target," "optimistic," "intend," "aim," "will", "may" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements involve estimates, expectations and projections and, as a result, are subject to risks and uncertainties, many of which are beyond the Company’s control. Actual results could differ materially if not substantially from those described in the forward-looking statements. The foregoing listing of risks is not exhaustive. Additional risks and uncertainties are identified and discussed in the Company’s reports filed or to be filed with the SEC, including its Form 10-K for the fiscal year ended March 31, 2022 and Form 10-Q for the fiscal quarter ended June 30, 2022. The Company’s reports, as filed with the SEC, can be found at the SEC’s website at http://www.sec.gov. Forward-looking statements included in this press release speak only as of the date of this press release. The Company undertakes and assumes no obligation, and does not intend, to update the Company’s forward-looking statements, except as required by law.
Contacts
EKIMAS Corporation
Bennett J. Yankowitz
CEO and Director
310-962-6300
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