TigerLogic Corporation Announces Final Liquidating Distribution

PORTLAND, Ore., July 7, 2017 /PRNewswire/ -- TigerLogic Corporation (OTC: TIGR) today announced that its Board of Directors has approved a second and final liquidating distribution of $0.0349 per share of TigerLogic's common stock. The final liquidating distribution will be paid on or about July 26, 2017. The Board has fixed the close of business on July 20, 2017 as the record date for determining stockholders entitled to receive the final liquidating distribution.

As previously announced, the Company sold its operating businesses during 2016 and filed a certificate of dissolution with the Delaware Secretary of State on October 31, 2016.  The Company previously paid an initial liquidating distribution of $0.09 per share in November 2016.

The Company has now substantially completed the winding-up of its operations and will not make any further distributions after the final liquidating distribution is paid.

About TigerLogic Corporation
TigerLogic Corporation (OTC: TIGR) recently completed the divestiture of its operating assets and is engaged in winding-up its business. For more information about TigerLogic visit http://www.tigerlogic.com/.

Cautionary Statement Regarding Forward-Looking Statements
The foregoing release contains forward-looking statements about TigerLogic's current plans and expectations, including plans and expectations regarding the dissolution and winding up of its business and the anticipated final distribution to stockholders.  Such forward-looking statements are subject to risks and uncertainties and actual results could differ materially from the plans and expectations presented herein. All forward-looking statements are made as of the date hereof and TigerLogic disclaims any responsibility to update or revise any forward-looking statement provided in this news release.

Contacts:
TigerLogic Corporation
Roger Rowe, 503-488-6988
[email protected]

SOURCE TigerLogic Corporation

Related Links

http://www.tigerlogic.com