Odyssey Semiconductor Technologies (OTC PINK:ODII) has announced a final liquidating distribution of $0.11 per share, totaling approximately $1.6 million, to be paid around December 23, 2024, to stockholders of record as of August 19, 2024. The company, which filed for dissolution on August 19, 2024, currently holds a cash balance of $1.837 million. After the distribution, approximately $61,000 will be reserved for tax liabilities and $169,000 for legal and dissolution expenses.
Following the Delaware statutory process, no claims were filed against the company during the 60-day notice period ending November 27, 2024. The company will seek a Delaware Court of Chancery order regarding…
