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home / news releases / CYRN - Cyren announces liquidation

CYRN - Cyren announces liquidation

CYREN Ltd.
  • In response to its inability to secure additional sources of liquidity or complete a going concern sale, Cyren ( NASDAQ: CYRN ) board approved a plan to cease operations and commence insolvency proceedings for the company and to liquidate its wholly-owned subsidiaries under applicable insolvency and other laws.
  • It plans to start a voluntary bankruptcy proceeding in Israel by filing an insolvency application with the Tel Aviv District Court.
  • Cyren has notified Nasdaq of the foregoing and expects that its ordinary shares will stop trading on Nasdaq on a date that the exchange decides.

For further details see:

Cyren announces liquidation
Stock Information
Company Name: CYREN Ltd.
Stock Symbol: CYRN
Market: NASDAQ
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