Liquid Meta Provides Corporate Update
Liquid Meta Capital Holdings (Cboe CA: LIQD) (FSE: N5F) (OTC Pink: LIQQF) has provided a corporate update following the termination of its binding letter of intent with Cellview Imaging Inc. The company's board of directors is evaluating strategic alternatives to maximize shareholder value, including potential sale, merger, divestiture, return of capital, or continuing as an independent public company.
The company has not set a timetable for this review and will not disclose developments unless necessary. Additionally, Cboe Canada has initiated a delisting review due to the company discontinuing its operations as a liquidity crypto mining business. Without carrying on a business or completing a strategic alternative, LIQQF shares may be delisted from Cboe Canada on December 23, 2024. The company is considering options to provide a market for its securities, but there are no guarantees.
Liquid Meta Capital Holdings (Cboe CA: LIQD) (FSE: N5F) (OTC Pink: LIQQF) ha fornito un aggiornamento aziendale a seguito della risoluzione della sua lettera di intenti vincolante con Cellview Imaging Inc. Il consiglio di amministrazione dell'azienda sta valutando alternative strategiche per massimizzare il valore per gli azionisti, inclusi potenziali vendite, fusioni, dismissioni, ritorno di capitale o continuare come società pubblica indipendente.
L'azienda non ha stabilito un calendario per questa revisione e non divulgherà sviluppi a meno che non sia necessario. Inoltre, Cboe Canada ha iniziato una revisione per delisting a causa della cessazione delle operazioni come azienda di mining di criptovalute per la liquidità. Senza proseguire l'attività o completare un'alternativa strategica, le azioni di LIQQF potrebbero essere delistate da Cboe Canada il 23 dicembre 2024. L'azienda sta valutando opzioni per fornire un mercato per i suoi titoli, ma non ci sono garanzie.
Liquid Meta Capital Holdings (Cboe CA: LIQD) (FSE: N5F) (OTC Pink: LIQQF) ha proporcionado una actualización corporativa tras la terminación de su carta de intención vinculante con Cellview Imaging Inc. La junta directiva de la empresa está evaluando alternativas estratégicas para maximizar el valor para los accionistas, incluidas ventas potenciales, fusiones, desinversiones, retorno de capital o continuar como una empresa pública independiente.
La empresa no ha establecido un cronograma para esta revisión y no divulgara desarrollos a menos que sea necesario. Además, Cboe Canadá ha iniciado una revisión para la exclusión de cotización debido a que la empresa ha cesado sus operaciones como negocio de minería de criptomonedas. Sin continuar con un negocio o completar una alternativa estratégica, las acciones de LIQQF podrían ser excluidas de Cboe Canadá el 23 de diciembre de 2024. La empresa está considerando opciones para proporcionar un mercado para sus valores, pero no hay garantías.
Liquid Meta Capital Holdings (Cboe CA: LIQD) (FSE: N5F) (OTC Pink: LIQQF)는 Cellview Imaging Inc.와의 구속력 있는 의향서 종료에 따른 기업 업데이트를 제공하였습니다. 회사 이사회는 주주 가치를 극대화하기 위해 전략적 대안들을 평가하고 있으며, 여기에는 잠재적 매각, 합병, 자산 매각, 자본 환급 또는 독립적인 상장 회사로 계속 운영하는 방법이 포함됩니다.
회사는 이번 검토에 대한 일정은 정하지 않았으며, 필요하지 않는 한 개발 사항을 공개하지 않을 것입니다. 또한, Cboe 캐나다는 회사가 유동성 암호화폐 채굴 사업을 중단함에 따라 상장 폐지 검토를 시작하였습니다. 사업을 계속 운영하지 않거나 전략적 대안을 완수하지 않는 한, LIQQF 주식은 2024년 12월 23일에 Cboe 캐나다에서 상장 폐지될 수 있습니다. 회사는 증권을 위한 시장을 제공하기 위한 옵션을 고려하고 있으나 보장은 없습니다.
Liquid Meta Capital Holdings (Cboe CA: LIQD) (FSE: N5F) (OTC Pink: LIQQF) a fourni une mise à jour de l'entreprise suite à la résiliation de sa lettre d'intention contraignante avec Cellview Imaging Inc. Le conseil d'administration de l'entreprise évalue des alternatives stratégiques pour maximiser la valeur pour les actionnaires, y compris la vente potentielle, la fusion, la désinvestissement, le retour de capital ou la poursuite en tant qu'entreprise publique indépendante.
L'entreprise n'a pas établi de calendrier pour cette révision et ne divulguera pas les développements à moins que cela ne soit nécessaire. De plus, Cboe Canada a initié un examen de retrait de la cote en raison de l'arrêt de ses opérations en tant qu'entreprise de minage de crypto-monnaies. Sans poursuivre une activité ou compléter une alternative stratégique, les actions de LIQQF pourraient être retirées de la cote par Cboe Canada le 23 décembre 2024. L'entreprise envisage des options pour fournir un marché pour ses titres, mais il n'y a aucune garantie.
Liquid Meta Capital Holdings (Cboe CA: LIQD) (FSE: N5F) (OTC Pink: LIQQF) hat ein Unternehmensupdate nach der Beendigung des verbindlichen Letter of Intent mit Cellview Imaging Inc. bereitgestellt. Der Vorstand des Unternehmens prüft strategische Alternativen, um den Aktionärswert zu maximieren, darunter potenzielle Verkäufe, Fusionen, Desinvestitionen, Rückzahlungen von Kapital oder die Fortführung als unabhängiges börsennotiertes Unternehmen.
Das Unternehmen hat keinen Zeitrahmen für diese Überprüfung festgelegt und wird Entwicklungen nur dann bekannt geben, wenn dies erforderlich ist. Darüber hinaus hat Cboe Kanada eine Prüfung zum delisting eingeleitet, da das Unternehmen seine Tätigkeit als Liquiditäts-Krypto-Mining-Unternehmen eingestellt hat. Ohne die Fortführung eines Geschäfts oder den Abschluss einer strategischen Alternative könnten die LIQQF-Aktien am 23. Dezember 2024 von Cboe Kanada delistet werden. Das Unternehmen zieht Optionen in Betracht, um einen Markt für seine Wertpapiere anzubieten, aber es gibt keine Garantien.
- Board of directors actively evaluating strategic alternatives to maximize shareholder value
- Considering various options including sale, merger, divestiture, or return of capital
- Binding letter of intent with Cellview Imaging Inc. terminated
- Discontinued operations as a liquidity crypto mining business
- Cboe Canada initiated delisting review
- Potential delisting from Cboe Canada by December 23, 2024 if no business is carried on
- Uncertainty regarding future market availability for company shares
Toronto, Ontario--(Newsfile Corp. - September 25, 2024) - Liquid Meta Capital Holdings Ltd. (Cboe CA: LIQD) (FSE: N5F) (OTC Pink: LIQQF) ("Liquid Meta" or the "Company") announces that following the termination of the binding letter of intent with Cellview Imaging Inc., as announced on August 9, 2024, the board of directors is continuing to evaluate potential strategic alternatives to preserve and maximize value to shareholders of the Company and consider a range of options available to the Company, including, but not limited to, a sale, merger, divestiture, return of capital, issuer bid, other strategic transactions or whether to continue to operate as an independent public company. See the Company's press releases dated December 21, 2022, March 9, 2023 and May 29, 2023.
There can be no assurance that the evaluation of strategic alternatives will result in any strategic alternative, or any assurance as to its outcome or timing. The Company has not set a timetable for completion of its review and does not intend to disclose developments related to its review unless and until the evaluation of strategic alternatives has been completed or the board of directors has concluded it is necessary or appropriate.
As a result of the Company discontinuing its operations as a liquidity crypto mining business and development of its technology, as announced in the Company's press release dated May 29, 2023, Cboe Canada has initiated a delisting review and advised that absent the Company carrying on a business, or completing a strategic alternative resulting in the Company carrying on a business, the common shares of the Company will be delisted from Cboe Canada as of close of trading on December 23, 2024. As part of its review of strategic alternatives, the Company is considering options to provide a market for its securities, however there can be no assurance that the common shares will not be delisted from Cboe Canada or that another market for the common shares will be available.
About Liquid Meta
Prior to discontinuing its operations, Liquid Meta was a DeFi and Web3 focused company developing best-in-class technology and operational expertise allowing it to build a scaled business within proof-of-stake based networks. Liquid Meta was focused on liquidity mining operations and planned to build proprietary software and tools to access, automate, and scale operations within the fast-growing DeFi segment of the blockchain industry.
For further information, contact:
Liquid Meta Capital Holdings Ltd.
Jonathan Wiesblatt, Chief Executive Officer
Email: jon@liquidmeta.io
Neither CBOE Canada nor its Market Regulator (as that term is defined in the policies of the CBOE Canada) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward Looking Information
This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including, but not limited to, statements regarding the plans, intentions, beliefs and current expectations of Liquid Meta with respect to the review of strategic alternatives for the Company and the timing thereof, if at all, and the future business activities and operating performance of the Company and the delisting of the common shares of the Company and the timing thereof. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Liquid Meta and are based on management's current expectations, beliefs, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information contained herein is made as of the date of this news release and, other than as required by applicable law, Liquid Meta disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224595
FAQ
What strategic alternatives is Liquid Meta (LIQQF) considering?
Why is Liquid Meta (LIQQF) facing potential delisting from Cboe Canada?
When might Liquid Meta (LIQQF) be delisted from Cboe Canada?
Has Liquid Meta (LIQQF) set a timeline for completing its strategic review?
