Marin Software (MRIN, Financial) has revealed that its board of directors has given the green light to a plan for the company's dissolution and liquidation. This decisive move awaits the consent of the company's stockholders, following a comprehensive exploration of strategic alternatives by the board.
The decision focuses on implementing an orderly conclusion to Marin Software's operations, aimed at securing the best possible outcome for its stockholders. Should the stockholders endorse the dissolution plan, the company plans to methodically wind down its operations, withdraw its common stock listing from Nasdaq, and address any outstanding liabilities and obligations.
Additionally, Marin Software aims to seek opportunities to divest some or all of its assets as part of the dissolution process, ensuring that any net proceeds are distributed among stockholders. The adoption of this plan highlights the company's efforts to strategically maximize value in the face of its current circumstances.
