M&A: KIDPIK CORP.

Form Type: 8-K

Filing Date: 2025-01-08

Corporate Action: Merger

Type: Termination

Accession Number: 000149315225001395

Comments: On January 6, 2025, Kidpik Corp. reported the termination of the Merger Agreement with Nina Footwear Corp., which was originally signed on March 29, 2024. The termination occurred as the merger was not consummated by December 31, 2024, and the company failed to meet conditions to close the merger which required its common stock to be traded on Nasdaq. Following the delisting from Nasdaq, Kidpik decided not to challenge the termination. There were no fees associated with the termination of the agreement. Additionally, the company no longer meets the conditions required for additional funding from convertible debentures due to the delisting and termination of the merger. The company may consider strategic alternatives, including a potential liquidation or bankruptcy, depending on financial viability. A press release on January 8, 2025, announced the termination of the merger agreement and the decision not to appeal the delisting from Nasdaq.

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