LIQUID META CAP HLDGS LTD - LIQQF STOCK NEWS

Liquid Meta Capital Holdings Ltd. announced the conclusion of initial phases in its strategic review process. The Board of Directors determined the best path forward is to return capital to shareholders through a proposed reduction in stated capital by up to $10,767,449. A special meeting is scheduled for April 27, 2023, to discuss a dividend of $0.20 per share, funded by cash reserves totaling $24,505,884. However, both the reduction and distribution require shareholder and regulatory approvals, and no assurance of completion is guaranteed. The company is also continuing to evaluate other strategic alternatives.

On January 30, 2023, Liquid Meta Capital Holdings announced the immediate resignation of Mr. Nico del Pino as Chief Operating Officer. Despite his departure as COO, he will continue to serve as a Director of the Company. Liquid Meta focuses on decentralized finance infrastructure, aiming to bridge traditional and decentralized financial systems. The Company appreciates Mr. del Pino's contributions and wishes him well in his future endeavors.

Liquid Meta Capital Holdings Ltd. reported its Q2 2023 financial results for the period ending November 30, 2022. Total Reward Tokens and Trading Fee revenues reached $326,738, while net loss was significant at $5,609,376 due to exposure from the collapse of FTX. This led to a net loss per share of $0.10 and a net operating loss of $1,696,777. The company had $4.9 million in deposits on FTX, with ongoing exploration to recover funds through bankruptcy processes. Despite industry challenges, Liquid Meta is evaluating strategic alternatives to maximize shareholder value.

Liquid Meta Capital Holdings (NEO: LIQD; OTCQB: LIQQF) has announced that its Board of Directors is evaluating strategic alternatives to enhance shareholder value amid a significant contraction in the crypto market. The options being considered include a potential sale, merger, or divestiture. CEO Jonathan Wiesblatt noted the challenges faced by the industry, including the collapse of major exchanges and reduced market capitalization. To conserve cash, Liquid Meta will discontinue development of the MetaBridge and implement cost-reduction measures.

Liquid Meta Capital Holdings Ltd. (OTCQB: LIQQF) announced the results of its annual general shareholder meeting held on November 28, 2022. Shareholders re-elected six board members, including Jonathan Wiesblatt and Nicolas del Pino, and approved the appointment of RSM Canada LLP as auditors. Notably, Stephen Harper and Thomas Kang resigned from the board. A total of 17,735,896 common shares were voted, highlighting shareholder engagement in corporate governance. The company focuses on bridging traditional and decentralized finance.

Liquid Meta Capital Holdings Ltd. (OTCQB: LIQQF) has provided a market update post-FTX collapse, emphasizing its strong capital position and substantial assets primarily in stable coins. The company is actively pursuing remedies to recover deposits from FTX's bankruptcy proceedings, with ongoing advocacy for decentralized finance (DeFi) technologies, which remain unaffected by the centralized failures. Liquid Meta aims to highlight the resilience of DeFi protocols amidst market turmoil, advocating for a transparent financial system devoid of reliance on intermediaries.

Liquid Meta Capital Holdings Ltd. provided an update regarding its accounts held at FTX.com, indicating that the company utilized FTX for liquidity mining operations. As of November 9, 2022, Liquid Meta held approximately $7.5 million in aggregate cash and digital assets, with $3.2 million of borrowed stable coins, resulting in a net balance of around $4.3 million. Due to FTX's suspension of withdrawals amidst market changes, Liquid Meta's withdrawal requests remain unprocessed. The company does not hold FTT tokens nor lent funds to FTX or its affiliates.

Liquid Meta Capital Holdings Ltd. (NEO: LIQD; OTCQB: LIQQF) announced its participation in two major events: the Cantor Fitzgerald Crypto and Disruptive Finance Conference on November 10, 2022, in Miami Beach, Florida, and the Philippine Web3 Festival, taking place from November 14-18, 2022, in Bonifacio Global City, Philippines. The company also disclosed that its CTO, Daniel Opperman, will leave effective November 30, 2022, to pursue other opportunities, with Charlie Camogli stepping in to lead technology advancement. Liquid Meta focuses on bridging traditional and decentralized finance.

Liquid Meta Capital Holdings Ltd. (LIQQF) announced its Q1 2023 financial results, reporting net revenues of $200,748 and total revenues of $421,440 for the period ending August 31, 2022. The company experienced a net loss of $831,922, equating to a loss per share of $0.02. Total shareholders' equity stands at approximately US$21.0 million or US$0.40 per share. Liquid Meta has deployed capital across 10 blockchains and is advancing its technology development with multi-chain auditing software, enhancing DeFi access for traditional financial institutions.