Vyant Bio Inc (fka VYNT)

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Vyant Bio Provides Update on Winddown Activities
Press Release | 12/26/2023
CHERRY HILL, N.J., Dec. 26, 2023 (GLOBE NEWSWIRE) -- Vyant Bio, Inc. (“Vyant Bio” or “Company”) (OTC: VYNT) is providing an update to shareholders regarding its winddown activities pursuant to its Plan of Liquidation and Dissolution following the sale of substantially all of its assets. Vyant Bio’s Board of Directors has filed its Certificate of Dissolution with the State of Delaware with an effective time of 5:00 p.m. on December 29, 2023, after which the Company’s stock will cease trading on the OTC, and the holders of shares of the Company’s common stock will cease to have any rights in respect of that stock, except the right of holders at such time to receive distributions, if any, pursuant to and in accordance with the Plan of Dissolution.

The Company cannot predict with any certainty the amount of any possible liquidation payments, if any, nor the timing. However, the Company estimates that it will make its first liquidation payment, if any, in the fourth quarter of 2024.