Viador Inc. announced that it has entered into a definitive merger agreement with MASBC, Inc. and MASBC Acquisition Corporation. The merger agreement contemplates that, at the closing, all outstanding shares of Viador will convert into a right to receive $0.075 in cash. As a result of the merger, Viador will become a privately held company, wholly owned by MASBC, Inc. Accordingly, upon the closing, Viador’s registration under the Securities Act of 1933, as amended, will terminate. The closing of the merger is subject to various conditions, including stockholder approval.
The stockholders of MASBC, Inc. include Suma Ventures, LLC and Heungyeung Yeung, an existing stockholder of Viador. It is anticipated that members of Viador’s management, including Stan X. Wang, its current chief executive officer, will continue as members of Viador’s management team after the closing.
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