$0.000892 per share to be paid on or about July 19, 2024
BOCA RATON, FL / ACCESSWIRE / July 15, 2024 / CBA Florida, Inc. (www.cbafloridainc.com) ("CBAI" or the "Company") today announced that its Board of Directors (the "Board") has approved a liquidating cash distribution of approximately $1.135 million, or $0.000892 per share, to shareholders of record as of June 26, 2024. The distribution will be paid on or about July 19, 2024. As previously disclosed, in connection with the effectiveness of the Company's articles of dissolution, CBAI closed its stock transfer books and discontinued recording transfers of common stock, effective as of 5:00 p.m. Eastern Time on June 26, 2020. As a result, the common stock, and stock certificates evidencing the shares of common stock, have not been assignable or transferable on the Company's books, other than transfers by will, intestate succession or operation of law. For those shareholders receiving a distribution of $0.01 or less, they will receive a credit to their account at Direct Transfer, LLC ("Direct Transfer"). Those shareholders that receive a credit in lieu of a cash distribution can request their funds from Direct Transfer via an ACH transfer. Any shareholder questions regarding the liquidating distribution may be addressed to the payment agent at Direct Transfer who can be reached via phone at (919) 744-2722 or e-mail at transfer@issuerdirect.com.
The liquidating distribution will be the final distribution made by the Company and represents the remaining cash held by CBAI post wind-down of the corporate entity.
About CBA Florida, Inc.
CBA Florida, Inc., formerly Cord Blood America, Inc., does not currently have any active business operations and consists of the cash and liabilities remaining post-closing of the sale of substantially all of the Company's assets.
Forward-Looking Statements
Some statements made in this press release are forward-looking statements. The Company uses words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of, among other factors, risks and uncertainties associated with its continuing limited operations, as well as liabilities and third-party claims currently existing or which may arise in the future. The Company encourages you to review other factors that may affect its future results in its filings with the Securities and Exchange Commission. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will in fact occur. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
Investor Contact:
Anthony Snow
asnow@cbafloridainc.com
SOURCE: CBA Florida, Inc.
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