Lichtenstein and Metal Companions purchase $1.18m in Wilhelmina inventory

Warren G. Lichtenstein and Metal Companions, Ltd. have collectively acquired a major stake in Wilhelmina Worldwide, Inc. (NASDAQ:WHLM). In keeping with a current SEC submitting, the 2 entities bought 333,444 shares of widespread inventory, valued at roughly $1.18 million. The shares had been acquired at a weighted common value of $3.5453 per share, with the transactions occurring at costs starting from $3.47 to $3.55. The timing seems strategic, as InvestingPro information reveals WHLM’s inventory has gained almost 13% up to now week, whereas sustaining robust fundamentals with a present ratio of 1.8 and more money than debt on its stability sheet. Extra insights can be found by means of InvestingPro, which options 8 extra key funding ideas for WHLM.

Lichtenstein, who serves because the CEO and Chairman of the Board of Metal Companions, and Metal Companions are thought-about a part of a bunch that collectively holds greater than 10% of Wilhelmina’s excellent shares. Nonetheless, each events have disclaimed useful possession of the securities besides to the extent of their pecuniary curiosity. Following this transaction, the group holds a complete of 983,773 shares not directly by means of Metal Companions within the $18.1 million market cap firm.

In different current information, Wilhelmina Worldwide, a Dallas-based administration consulting agency, has introduced its voluntary resolution to delist from the Nasdaq Capital Market. As per a current SEC submitting, the Board of Administrators resolved to terminate the itemizing of the corporate’s widespread inventory on Nasdaq. The corporate has submitted a Kind 25 to the SEC, and the delisting is predicted to take impact no earlier than ten days after the submitting.

Following the delisting, Wilhelmina Worldwide’s widespread inventory might proceed to be traded by means of personal transactions and probably on an over-the-counter (OTC) market, pending market makers’ willingness to listing the shares. Nonetheless, no assurance has been supplied that buying and selling will proceed on an OTC market or that any dealer will elect to make a market within the shares.

These current developments come after a historical past of company identify modifications for Wilhelmina Worldwide, reflecting its evolving enterprise focus through the years. The corporate has but to reveal the explanations for the delisting or any future plans concerning its inventory or enterprise operations following the delisting from Nasdaq.

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