SPECIAL DIVERSIFIED OPPORTUNITIES INC. (OTCMKTS:SDOI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
| Entry into a Material Definitive Agreement |
The information provided in Item 3.03 below is hereby
incorporated herein by reference.
| Item 3.03 |
Material Modifications to Rights of Security Holders. |
Special Diversified Opportunities Inc. (the Company) is a party
to that certain Section 382 Rights Agreement, dated as of April
28, 2016 (the Section 382 Rights Agreement), by and between the
Company and American Stock Transfer Trust Company, LLC, as Rights
Agent (the Agent).
The Final Expiration Date, as defined in the Section 382 Rights
Agreement is, April 27, 2017, at which time the Section 382
Rights Agreement and the Rights (as defined therein) shall expire
in accordance with the terms of the Section 382 Rights Agreement.
On April 13, 2017, the Board of Directors of the Company approved
an amendment (the Amendment) to the Section 382 Rights Agreement
to amend the definition of Final Expiration Date such that it
shall be for all purposes October 27, 2017. The Company and the
Agent entered into the Amendment on April 17, 2017.
Except for the change to the Final Expiration Date, the Amendment
makes no other changes to the Section 382 Rights Agreement.
This summary description of the Amendment does not purport to be
complete and is qualified in its entirety by reference to the
Amendment, which is attached as Exhibit 4.1 hereto and is
incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 4.1 |
Amendment to Section 382 Rights Agreement, dated as of April 17, 2017, between Special Diversified Opportunities Inc. and American Stock Transfer Trust Company, LLC, as Rights Agent. |
About SPECIAL DIVERSIFIED OPPORTUNITIES INC. (OTCMKTS:SDOI)
Special Diversified Opportunities Inc. is a shell company. The Company’s board of directors has been exploring strategic alternatives to maximize shareholder value going forward, including deploying the proceeds of the Asset Sale in business acquisition opportunities, merging with another company, or other actions to redeploy the Company’s capital, including, without limitation, distribution of cash to its shareholders. Prior to the completion of the Asset Sale, the Company was a biotechnology company, which was engaged in developing, commercializing and marketing products, services and solutions that preserve and enhance the human health and wellness. The Company has not generated any revenues. SPECIAL DIVERSIFIED OPPORTUNITIES INC. (OTCMKTS:SDOI) Recent Trading Information
SPECIAL DIVERSIFIED OPPORTUNITIES INC. (OTCMKTS:SDOI) closed its last trading session down -0.045 at 0.765 with 6,770 shares trading hands.
