Rhea-AI Summary
Procyon Corporation (PCYN) shareholders approved the asset sale and the company’s liquidation and dissolution at the October 20, 2026 special meeting. The sale agreement, dated August 31, 2026, is between wholly owned subsidiary AMERX Health Care Corporation and buyers Frontrunner Investments and EXTREMIT-EASE.
The company expects closing in approximately late November or early December 2026, once certain arrangements are in place. After closing, Procyon plans to file Articles of Dissolution with the Colorado Secretary of State and begin winding up. Net sale proceeds will then be distributed to shareholders after dissolution. The company will cease operations after winding up and completing the distributions.
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