CBA Florida, Inc. Approves Liquidating Distribution, Payable on October 7, 2020
September 24, 2020 at 01:34 am IST
Share
CBA Florida, Inc., on September 22, 2020, approved a liquidating distribution of $0.00087 per share to the Company’s shareholders of record as of the close of business on October 5, 2020 in accordance with the Company’s previously announced Plan of Dissolution. Payment of the Liquidating Distribution will be made on October 7, 2020. The Company intends to make additional liquidating distributions to its shareholders from time to time if and when it is able to; however, the Company cannot predict with certainty the amount and timing of additional liquidating distributions, if any.
CBA Florida, Inc., formerly Cord Blood America, Inc., through its CorCell program and its subsidiary CorCell Companies, Inc., provides cord blood and cord tissue stem cell services. The Company's subsidiaries include Cord Partners, Inc., CorCell Companies, Inc., CorCell, Ltd., (Cord Partners, Inc., CorCell Companies, Inc. and CorCell, Ltd. are referred to collectively as Cord), CBA Properties, Inc. (Properties), and Career Channel, Inc. The Company and its subsidiaries provides private cord blood and cord tissue stem cell storage services to families throughout the United States and Puerto Rico, and Properties was formed to hold corporate trademarks and other intellectual property. Cord's operations provide umbilical cord blood banking and cord tissue services to expectant parents. Cord provides various services, which includes collection materials, physician and customer support, transportation, testing and cord blood storage.
CBA FLORIDA, INC. 
