(24/7 MARKET NEWS) – Fresh Tracks Therapeutics, Inc. (NASDAQ:FRTX) stated, after yesterday’s market close, that its Board of Directors approved a plan of liquidation and dissolution of the Company, which includes the termination of most employees, by early October 2023. The Company estimates that it will subsequently make liquidating distributions to shareholders in an aggregate amount of between $5 million and $7 million, or between $0.84 and $1.17 per share of common stock, based on 5,926,497 shares of common stock outstanding as of September 19, 2023.
Fresh Tracks is trading at $0.8841, up $0.3041 (+52.43%), on 3.16M premarket shares traded.
Its 52-week range is $0.4495 to $3.14. It doesn’t look like it will stray too far from its current trading levels, today.
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