Fresh Tracks Therapeutics Announced Today Receipt Of Notice From Nasdaq Stating That Company's Common Stock Will Be Suspended From Trading On Nasdaq Capital Market At The Open Of Business On Dec. 19, 2023

Author: Benzinga Newsdesk | December 18, 2023 09:16am

Fresh Tracks intends to reconvene its special meeting of stockholders on December 27, 2023 and encourages all stockholders of record on October 17, 2023 who have not yet voted to submit their proxy by 11:59 p.m. Eastern Time on December 26, 2023. If Fresh Tracks' stockholders do not approve Proposal 1, Approval of the Liquidation and Dissolution of the Company and the Plan of Liquidation and Dissolution (the "Plan of Dissolution"), which, if approved, will authorize the Company and the Board of Directors to Liquidate and Dissolve the Company in accordance with the Plan of Dissolution, Fresh Tracks intends to seek judicial dissolution, which is likely to be costly and time-consuming and would reduce the amount of cash distributable to Fresh Tracks' stockholders associated with the Company's dissolution.

Posted In: FRTX