DNIB UNWIND, INC. (OTCMKTS:BINDQ) Files An 8-K Regulation FD Disclosure

DNIB UNWIND, INC. (OTCMKTS:BINDQ) Files An 8-K Regulation FD Disclosure

Story continues below

Item7.01.

Regulation FD.

On or about February6, 2017, the trustee (the Trustee) of the
DNIB Liquidating Trust (the Trust) sent a notice to the former
shareholders (the shareholders) of DNIB Unwind, Inc. (the
Company) requesting that the shareholders complete and return a
Form W-8 or Form
W-9 (the Tax Forms) as a condition to receiving future cash
distributions under the Companys plan of liquidation (the Plan).
The Plan provides that, if a shareholder fails to complete and
return the Tax Forms before 180 days after such a request is made
by the Trustee, that shareholder forfeits any future
distributions under the Plan.

Because the vast
majority of the shares of the Companys stock were held by brokers
or nominees (in street name) as of August30, 2016, the record
date for making distributions under the Plan (the Distribution
Record Date), the Trustee requested that the Depository Trust
Company (DTC) send a notice to all brokers and nominees
requesting that each shareholder complete the applicable Tax Form
and that each broker or nominee complete a certification form
(the Certification Form). Once completed, the Tax Form and the
Certification Form were to be sent to the Trusts claims agent,
Prime Clerk. The Certification Form requires that each broker or
nominee provide certain identifying information to the Trust
regarding the broker or nominee and the beneficial holder,
including (1)the DTC participant name, number, contact name,
authorized , contact number, and email address; (2)the beneficial
holders name and account number; and (3)the number of shares of
Company common stock (CUSIP 05548N 107) that were held by the
broker or nominee for the indicated account as of the
Distribution Record Date.

In the event that
less than all shareholders complete the required Tax Forms (and
thus less than all of the Companys shareholders are entitled to
future distributions under the Plan), DTC has confirmed to the
Trustee that it will not agree to make any future distributions
to the Companys shareholders. As a result, any future
distributions would have to be made by the Trust or its agent.
Without the information in the Certification Form confirming the
identity of each shareholder holding in street name and the
number of shares of the Companys stock that it held as of the
Distribution Record Date, the Trust will not be able to make
further distributions to those shareholders who do not return the
applicable Tax Form and the Certification Form timely.

Therefore, in
order to receive any additional distributions to the Plan,
shareholders must, by August7, 2017 (for shareholders that held
the Companys shares in street name as of the Distribution Record
Date) and by August8, 2017 (for shareholders that held the
Companys shares directly as of the Distribution Record
Date):

Coordinate completion of a Certification Form with their
broker or nominee (for street name holders only);
Complete a Form W-8 or Form W-9, as applicable; and
Send the completed Form W-8 or Form W-9 and, if applicable,
the completed Certification Form, to Prime Clerk LLC, Attn:
BIND Distribution Form Processing, 830 3rd Avenue, 3rd Floor, New York, NY 10022.

As provided in the
Plan, if any shareholder does not timely complete and return the
applicable Tax Form and, if applicable, the Certification Form,
to Prime Clerk LLC at the above address, any further
distributions payable to such shareholder will irrevocably revert
to the Company (and its debtor subsidiary) (the Debtors) or the
Trust, and any claim in respect of such distributions will be
disallowed and forever barred from assertion against the Debtors
or the Trust.

A status report
filed with the Bankruptcy Court on April18, 2017 relating to the
foregoing is attached hereto as Exhibit99.1.

Item9.01. Financial Statements and Exhibits.

(d)Exhibits:

99.1 Status Report Regarding Distributions to Holders Of DNIB
Stock to the Debtors Plan of Liquidation, filed April18, 2017

to the
requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

DNIB UNWIND, INC.
Date: April24, 2017 By:

/s/ Geoffrey L. Berman

Geoffrey L. Berman
Chief Restructuring Officer

INDEX TO
EXHIBITS

99.1 Status Report Regarding Distributions to Holders Of DNIB
Stock


About DNIB UNWIND, INC. (OTCMKTS:BINDQ)

DNIB Unwind, Inc., formerly BIND Therapeutics, Inc. is a shell company. The Company was engaged in developing targeted therapeutics, primarily for the treatment of cancer. As of August 1, 2016, the Company sold all of its assets. The Company’s subsidiaries include BIND (RUS) LLC and DNIB Subsidiary Corporation.

DNIB UNWIND, INC. (OTCMKTS:BINDQ) Recent Trading Information

DNIB UNWIND, INC. (OTCMKTS:BINDQ) closed its last trading session at 0.145 with 2,474,776 shares trading hands.

An ad to help with our costs