Calithera Biosciences Announces Update on Complete Liquidation and Dissolution
SOUTH SAN FRANCISCO, Calif., May 19, 2023 (GLOBE NEWSWIRE) — Calithera Biosciences, Inc. (OTC: CALA) (the “Company”) announced that it intends to hold a special meeting of stockholders on or about June 29, 2023 (the “Special Meeting”), for the purpose of approving the Company’s Plan of Complete Liquidation and Dissolution (the “Plan of Dissolution”). In January 2023, the Company announced its intention to commence an orderly wind down of the Company’s business and operations. The Company continues to expect that its existing capital resources together with the net proceeds from the sale of its assets will enable it to meet its remaining liabilities and obligations with sufficient reserves.