Liquidation: AlTi Global, Inc.
Form Type: 8-K
Filing Date: 2025-07-11
Corporate Action: Liquidation
Type: New
Accession Number: 000114036125025566
Filing Summary: On July 10, 2025, AlTi Global, Inc.'s Board of Directors approved a plan to conduct an orderly wind-down of its non-core International Real Estate (IRE) business. This decision followed a comprehensive strategic review to explore viable alternatives for the IRE operations. The wind-down process is set to begin on or about July 11, 2025, with an expected completion date of December 2027. Currently, the company cannot provide an estimate for the costs associated with this wind-down or impairment charges, but it intends to file an amendment to the current report once such estimates are determined. The report includes forward-looking statements regarding the company's plans and anticipated impacts of these actions, highlighting inherent risks and uncertainties. The actual outcomes may vary significantly from the company's current estimates and projections.
Additional details:
Date Of Board Approval: 2025-07-10
Business Segment Wind Down: International Real Estate
Wind Down Start Date: 2025-07-11
Expected Completion Date: 2027-12-01
Form Type: 8-K
Filing Date: 2025-07-11
Corporate Action: Liquidation
Type: Update
Accession Number: 000114036125025568
Filing Summary: On July 11, 2025, AlTi Global, Inc. announced an update regarding its strategic review of the International Real Estate (IRE) business. The IRE business has been operating at a loss and relied on funding from other parts of the company for some time. After careful consideration of options, the Board and management agreed that continuing operations was no longer in the interest of the company and its stakeholders. Consequently, the directors of the IRE entities have decided to appoint Administrators from Teneo in the UK to conduct an orderly wind-down of the IRE business. A dedicated team will remain in place to manage investor reporting and compliance obligations during the transition.
Additional details:
Ire Business Status: orderly wind-down
Administrator Appointed: Teneo
Investor Reporting Team: dedicated team remains in place
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