Liquid Meta Announces Exploration of Strategic Alternatives
TORONTO, Dec. 21, 2022 /PRNewswire/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO: LIQD) (FRANKFURT: N5F) (OTCQB: LIQQF) a decentralized finance infrastructure and technology company announced that its Board of Directors has initiated a process to evaluate potential strategic alternatives to preserve or maximize shareholder value.
- TORONTO, Dec. 21, 2022 /PRNewswire/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO: LIQD) (FRANKFURT: N5F) (OTCQB: LIQQF) a decentralized finance infrastructure and technology company announced that its Board of Directors has initiated a process to evaluate potential strategic alternatives to preserve or maximize shareholder value.
- In order to preserve the cash position of the Company, Liquid Meta is discontinuing development of the MetaBridge as well as any other related development work pending conclusion of this process, plus taking other actions to immediately reduce cash burn to better position the Company for this strategic alternatives process.
- Liquid Meta is a decentralized finance infrastructure and technology company that is powering the next generation of open-access protocols and applications.
- This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation.