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Vyant Bio, Inc. - VYNT STOCK NEWS

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Vyant Bio, Inc. (Nasdaq: VYNT) combines human biology, engineering, and data science to advance transformative medical solutions. This news hub provides investors and industry professionals with essential updates about the company's pioneering work in drug discovery and therapeutic development.

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Rhea-AI Summary
Vyant Bio, Inc. (OTC: VYNT) provides an update to shareholders regarding its winddown activities following the sale of its assets. The Board of Directors has filed its Certificate of Dissolution with the State of Delaware, and the stock will cease trading on the OTC after December 29, 2023. Shareholders may receive distributions, if any, in the fourth quarter of 2024.
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Vyant Bio, Inc. (OTC: VYNT) provides an update on its winddown activities and liquidation plan. The company anticipates filing a Certificate of Dissolution in late December 2023, after which the common stock will cease to trade. Shareholders may receive liquidation payments ranging from $0.16 to $0.29 per share.
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Vyant Bio, Inc. announces the results of its special meeting of stockholders, where they voted in favor of the proposal to approve the voluntary liquidation and dissolution of the company. The proposal received the affirmative vote of holders of 94.0% of the shares casting votes and 53.1% of the company's total outstanding common shares. Vyant Bio's board will determine a date for filing a Certificate of Liquidation and Dissolution with the State of Delaware.
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Vyant Bio, Inc. has completed the sale of its assets, according to a recent announcement.
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Vyant Bio announces approval of sale of assets at special meeting of stockholders
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Vyant Bio adjourns special meeting to provide additional time for stockholders to vote on proposals
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Vyant Bio's special meeting of stockholders was adjourned without conducting any business to provide more time for voting on proposals. The adjourned meeting will reconvene on October 11, 2023. The company continues to solicit votes for Proposal 1 and Proposal 2, which require 50% or more of outstanding shares to vote in favor for them to pass. At the time of adjournment, both proposals had received affirmative votes from over 95% of shares casting votes. Stockholders who have already voted do not need to vote again.
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Vyant Bio's special meeting of stockholders adjourned without conducting any business to provide more time for voting on proposals to approve the sale of assets and voluntary liquidation. There is significant support for the proposals, with approximately 90% of shares casting affirmative votes. Stockholders who have already voted do not need to vote again.
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AxoSim to Acquire microBrain™ Assets from Vyant Bio's StemoniX Subsidiary
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Vyant Bio, a biotechnology company, has announced its plans to voluntarily delist its securities from Nasdaq and suspend its reporting obligations under the Exchange Act. The company expects its securities to be deregistered 90 days after the filing of the Form 25 with the SEC. The common stock will be quoted on the OTC Pink Open Market starting on or about May 15, 2023.
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Vyant Bio, Inc.

OTC:VYNT

VYNT Rankings

VYNT Stock Data

1.23M
5.10M
18.78%
0.64%
3.27%
Biotechnology
Healthcare
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United States
Cherry Hill