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Odyssey Semiconductor Tech (ODII) has provided an announcement.
Odyssey Semiconductor Technologies, Inc. has announced its plans to dissolve and liquidate, following the approval by its stockholders and the sale of most of its assets to Power Integration, Inc. The company is set to undergo a structured liquidation process in accordance with Delaware law, which includes settling claims and potential distributions to shareholders. Although the company has funds and known liabilities, the final liquidating cash distribution amount is uncertain and will be determined after obligations are settled. Stock trading has moved from the OTC QB Market to the less visible OTC Expert Market, which may affect liquidity. The dissolution process includes a timeline that could lead to distributions between March and June 2025, but this is subject to change depending on legal and creditor actions.
For a thorough assessment of ODII stock, go to TipRanks’ Stock Analysis page.