Catalyst Biosciences (CBIO) to Distribute $65M of Cash to Shareholders

Go back to Catalyst Biosciences (CBIO) to Distribute $65M of Cash to Shareholders

Catalyst Biosciences Announces Plan to Distribute Cash to Stockholders

June 29, 2022 8:00 AM EDT

Board is Committed to Maximizing the Amount of Cash the Company Distributes to Stockholders

Decision Follows Recent Sale of Certain Assets and Extensive Engagement with Stockholders

Board Will Set Initial Distribution Date and Amount Once Potential Liability and Expenses Associated with Stockholder Litigation and Proxy Contest Are Known

SOUTH SAN FRANCISCO, Calif., June 29, 2022 (GLOBE NEWSWIRE) -- Catalyst Biosciences, Inc. (NASDAQ: CBIO) (the Company or we) today announced its intention to distribute cash to the Companys stockholders... More