Determine, Inc. Announces Winding Up, Liquidation and Dissolution
DETERMINE (DTRM)
Last determine earnings: 8/9 04:15 pm
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US:NASDAQ Investor Relations:
investor.determine.com/investor-overview
Company Research
Source: GlobeNewswire
Company to Deregister with the SEC; Common Stock to be Withdrawn from Trading on OTC WASHINGTON, April 18, 2019 (GLOBE NEWSWIRE) -- Determine, Inc. (OTCQB: DTRM) (the “Company”) today announced that its Board of Directors has determined that since the Company has now completed the sale of substantially all of the assets of the Company to Corcentric, Inc., it is in the best interest of the Company and its stockholders to effect the winding up, liquidation and dissolution of the Company and distribute the net cash proceeds of the sale to its stockholders as soon as practicable after provision for the Company’s existing obligations. The Board’s decision was based on a number of factors, including the significant cost savings to be obtained by ceasing to file periodic reports with the Securities and Exchange Commission and reductions in accounting, audit, legal and other costs which would enable the Company to maximize the amount of net cash proceeds available for distribution to its
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