Calithera Biosciences Announces Update on Complete Liquidation and Dissolution

6/29/23 4:01:07 PM ET

Biotechnology: Pharmaceutical Preparations

Health Care

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SOUTH SAN FRANCISCO, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- Calithera Biosciences, Inc. (OTC: "CALA"). Calithera Biosciences, Inc. (the "Company") announced that it was unable to achieve a quorum of stockholders at its special meeting of stockholders scheduled to be held on June 29, 2023 (the "Special Meeting"), for the purpose of approving the Company's Plan of Complete Liquidation and Dissolution. In January 2023, the Company announced its intention to commence an orderly wind down of the Company's business and operations. After consulting with its proxy solicitation advisors, the Company concluded that further attempts to solicit proxies for the Special Meeting would in all likelihood not allow it to achieve a quorum, and as a result has cancelled the Special Meeting.

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Recent Analyst Ratings for
$CALA

Date	Price Target	Rating	Analyst
1/31/2022	$4.00	Buy	Ladenburg Thalmann
1/20/2022	$1.00 → $3.00	Market Perform → Outperform	SVB Leerink
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11/5/2021		Outperform → Market Perform	William Blair

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Calithera Biosciences Announces Update on Complete Liquidation and Dissolution
SOUTH SAN FRANCISCO, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- Calithera Biosciences, Inc. (OTC: "CALA"). Calithera Biosciences, Inc. (the "Company") announced that it was unable to achieve a quorum of stockholders at its special meeting of stockholders scheduled to be held on June 29, 2023 (the "Special Meeting"), for the purpose of approving the Company's Plan of Complete Liquidation and Dissolution. In January 2023, the Company announced its intention to commence an orderly wind down of the Company's business and operations. After consulting with its proxy solicitation advisors, the Company concluded that further attempts to solicit proxies for the Special Meeting would in all likelihoo
6/29/23 4:01:07 PM ET
$CALA
Biotechnology: Pharmaceutical Preparations
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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 reser
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