Pm liquidating corp
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Sapphire is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.
Because Sapphire will not consummate a business combination (and cannot extend the time period within which it may complete a business combination because it does not have a definitive agreement relating thereto) by January 17, 2010 (the time frame required by its charter and the terms of its initial public offering), Sapphire is required to liquidate and dissolve.
NYSE Amex has halted trading of Sapphire’s warrants, and will suspend trading of Sapphire’s units, shares of common stock and warrants as of the close of business on January 19, 2010.
WS) announced today that its Board of Directors has approved a plan of liquidation for Sapphire.
Liquidating distributions will be made to record holders of shares of common stock as of January 19, 2010 issued in Sapphire’s initial public offering.
Stockholders whose stock is held in “street name” through a broker will automatically receive payment through the Depository Trust Company.
-bk-12408-MB, Jointly administered with ICPW Liquidation Corporation, a Nevada corporation Case No.
-bk-12409-MB On September 8, 2017, ICPW Liquidation Corporation, a California corporation (f/k/a Ironclad Performance Wear Corporation, a California corporation) (Case No.
In addition, if and when received by Sapphire, stockholders will receive their proportionate share of any federal tax refund claimed by Sapphire in its federal income tax returns.
Sapphire will file a Certificate and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission for the purpose of deregistering its securities under the Securities and Exchange Act of 1934, as amended. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.
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