India, April 14 -- Shares of Third Harmonic Bio, Inc. (THRD) are up over 40% at $5.09 today, following the company's plans to liquidate and dissolve the company, returning capital to shareholders.
The company revealed that it will seek stockholder approval for the dissolution at its Annual Meeting of Stockholders scheduled for June 5, 2025. If the proposal is approved, Third Harmonic Bio plans to file a Certificate of Dissolution with the Secretary of State of Delaware during the third quarter of 2025.
As part of the dissolution process, the company anticipates distributing between approximately $246.6 million and $259.8 million to stockholders, equating to $5.13 to $5.42 per share of common stock. The initial distribution, expected to oc...