Marin Software to Dissolve – Business Announcement

Marin Software, a provider of digital marketing software for business, is set to become a private company pending approval from stockholders. The company announced its plans for dissolution and delisting from the Nasdaq stock exchange in the coming weeks.

Marin Software’s Board of Directors has approved a plan for the dissolution of the company, subject to the approval of stockholders. This decision comes after an assessment of strategic alternatives to maximize shareholder value. The Board believes that taking the company private is in the best interest of stockholders.

The company’s dissolution plan includes the distribution of the company’s assets to stockholders in accordance with Delaware law. Marin Software intends to file a certificate of dissolution with the Secretary of State of the State of Delaware once stockholder approval is obtained. Following the dissolution, Marin Software will delist its common stock from the Nasdaq stock exchange and terminate its reporting obligations with the Securities and Exchange Commission.

Marin Software’s CEO, Christopher Lien, expressed confidence in the company’s decision to go private, stating that it will allow the company to focus on its long-term strategic goals without the pressures of being a public company. Lien emphasized that Marin Software remains committed to serving its customers and partners during this transition.

The decision to go private reflects Marin Software’s efforts to adapt to a changing market landscape and position itself for future growth. By becoming a private company, Marin Software aims to enhance its operational flexibility and streamline decision-making processes. The company believes that going private will enable it to better allocate resources and invest in innovation to meet the evolving needs of its customers.

Marin Software will provide updates to its stockholders and other stakeholders as the dissolution process progresses. The company is committed to ensuring a smooth transition and maintaining its focus on delivering value to customers. Stockholders are encouraged to review the details of the dissolution plan and participate in the upcoming vote to approve the company’s transition to a private entity.

In conclusion, Marin Software’s decision to go private marks a significant milestone for the company as it seeks to position itself for future success. By obtaining stockholder approval for its dissolution plan, Marin Software aims to capitalize on new opportunities and drive continued growth in the digital marketing software industry.