Liquidation: Vincerx Pharma, Inc.

Form Type: PRE 14A

Filing Date: 2025-04-30

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525107499

Filing Summary: Vincerx Pharma, Inc. is soliciting proxies for a Special Meeting where stockholders will vote on a proposal for the liquidation and dissolution of the company in accordance with the Delaware General Corporation Law and its Plan of Liquidation. The board believes the dissolution is in the best interests of stockholders given the financial position of the company, its inability to secure financing, and lack of revenue. Two proposals will be presented: (1) to approve the liquidation and dissolution and (2) to adjourn the meeting if sufficient votes are not present to approve the first proposal. If approved, the company will file a Certificate of Dissolution, liquidate remaining assets, pay obligations, and distribute any available proceeds to shareholders. However, it is expected that minimal, if any, amounts will be distributed to shareholders. The stock has already been suspended from trading due to non-compliance with listing rules. The board recommends voting in favor of both proposals as they explore minimal alternatives to dissolution if the proposal is declined.

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Form Type: 8-K

Filing Date: 2025-04-17

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525084406

Filing Summary: On April 14, 2025, Vincerx Pharma, Inc. received notice from Nasdaq regarding non-compliance with a listing requirement due to the closing bid price of its common stock falling below $1.00 for 30 consecutive business days. Nasdaq plans to delist the company's securities effective April 23, 2025. Vincerx's board of directors resolved on April 17, 2025, to dissolve, liquidate, and wind-up the company's business, subject to stockholder approval. The board approved a Plan of Liquidation and informed Nasdaq of the intention to voluntarily delist its common stock. The company will seek stockholder approval for the dissolution and reserve rights to abandon the plan if deemed not in the best interest of the company.

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Form Type: 8-K

Filing Date: 2025-04-11

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525079090

Filing Summary: On April 7, 2025, Vincerx Pharma, Inc. announced the termination of its non-binding letter of intent with Global Digital Holdings Inc. regarding a proposed merger. The decision to terminate this agreement signifies a strategic pivot for the company. Following this, the company's board authorized management to initiate wind-down activities and seek monetization of its assets and opportunities for out-licensing. These actions indicate a shift towards liquidation as the company explores options to manage its business and financial status. The filing also includes forward-looking statements regarding the ability to monetize assets and potential challenges, including the unclear path to obtaining stockholder approval for winding down operations. The risk of bankruptcy proceedings is mentioned, highlighting the precarious financial situation of the company.

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