Marin Software announces plan of dissolution, liquidation

Marin Software (MRIN) announced that its board of directors has approved a plan of dissolution and liquidation, subject to the approval of Marin Software’s stockholders. Following a thorough review of strategic alternatives, the board has determined that an orderly wind-down of Marin Software’s operations is in the best interest of stockholders. If the plan of dissolution is approved by stockholders, Marin intends: to wind down and cease its remaining operations in an orderly manner; to delist its shares of common stock from Nasdaq; to satisfy or resolve its outstanding liabilities and obligations; to explore any further opportunities to dispose of some or all of its assets and to distribute any available net proceeds to stockholders.