Marin Software Incorporated (NASDAQ:MRIN), a provider of digital marketing software for performance-driven advertisers and agencies, today announced that its Board of Directors has approved a Plan of Dissolution and Liquidation (the "Plan of Dissolution"), subject to the approval of Marin Software's stockholders.
Following a thorough review of strategic alternatives, the Board has determined that an orderly wind-down of Marin Software's operations is in the best interest of stockholders.
If the Plan of Dissolution is approved by stockholders, Marin intends:
- to wind down and cease its remaining operations in an orderly manner;
- to delist its shares of common stock from Nasdaq;
- to satisfy or resolve its outstanding liabilities and obligations;
- to explore any further opportunities to dispose of some or all of its assets; and
- to distribute any available net proceeds to stockholders.
Christopher Lien, Founder and Chief Executive Officer of Marin Software, said: "On behalf of Marin Software, I want to thank our customers, partners, team members, and stockholders for their support over the years."
Marin Software expects to convene a special meeting of stockholders during the second quarter of 2025 to seek approval of the Plan of Dissolution, and will file proxy materials with the U.S. Securities and Exchange Commission (SEC) in the coming weeks. Subject to obtaining stockholder approval, Marin Software will begin the dissolution process in accordance with Delaware law.
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