STR Holdings, Inc. Elects to Deregister its Common Stock
The Board of Directors of the Company authorized this action as part of a broader effort to reduce costs and provide the Company with increased flexibility as it continues to review and assess the Company’s business and its strategic plans.
Following the filing of the Form 15, the Company’s common stock will be quoted on the OTC Pink, a centralized electronic quotation service operated by the
Following the Company deregistering its common stock and suspending its reporting obligations under the Exchange Act, stockholders may consult their financial advisors, the Company, or the Company’s transfer agent, Broadridge Corporate Issuer Solutions, regarding any questions related to their holding of common stock in the Company.
Attn: Investor Relations
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to inherent risks and uncertainties. Forward-looking statements are not guarantees of future performance or financial or operating results. These forward-looking statements present our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business and are based on assumptions that we have made in light of our industrial experience and perceptions of historical trends, current conditions, expected future developments and other factors management believes are appropriate under the circumstances, including, without limitation, our ability to realize anticipated cost savings from deregistration, the ability to timely and effectively implement our deregistration plan, adverse effects on our share price and liquidity following our deregistration, as well as more general business and financial risks such as those risk factors described from time to time in our reports filed with the
Source: STR Holdings