Business
Vyome Announces Strategic Review of Livechain (OTCID: LICH)
Vyome owns 70% of Livechain; Board focused on value creation CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Vyome Holdings, Inc. (“Vyome”) (Nasdaq: HIND), a
About this update from Vyome Holdings, Inc.
[{"type":"text","content":"\nVyome owns 70% of Livechain; Board focused on value creation\n\n\n CAMBRIDGE, Mass.--(BUSINESS WIRE)--\nVyome Holdings, Inc. (“Vyome”) (Nasdaq: HIND), a clinical-stage healthcare holding company, today announced its Board of Directors has agreed to conduct a full review of strategic alternatives for Livechain Inc. (OTCID: LICH), a company in which Vyome is the controlling shareholder.\n\n\n“As promised, we are committed to our shareholders and maximizing shareholder value. Most of our shareholders are probably completely unaware that we are a 70% controlling shareholder of LICH; we are keen to explore all ways to create value from this asset. At this point, the Board has not formed an opinion as to the best path for Livechain, but we intend to spend the next month reviewing the costs and benefits of our options, which could include launching a new business, forming a crypto treasury, merging with an existing business, or an outright sale,” said Krishna Gupta, Chairman of Vyome.\n\n\n“Vyome originally purchased a controlling interest in LICH in 2021 with the intention of potentially listing on the OTC to establish a viable publicly held business. With Vyome now trading on Nasdaq, there is an opportunity to look at other creative options for LICH,” said Venkat Nelabhotla, CEO of Vyome.\n\n\nAbout Vyome\n\n\nVyome is building a healthcare platform spanning the US-India innovation corridor. Based in Cambridge, MA, Vyome’s immediate focus is leveraging its clinical-stage assets to transform the lives of patients with immuno-inflammatory conditions. By applying groundbreaking science and its unique positioning across the US-India innovation corridor, Vyome seeks to deliver lasting value to shareholders in a hyper cost-efficient manner while upholding global standards of quality and safety. To learn more, please visit www.vyometx.com\n\n\nVisit us on social media:\nFacebook\nX\nLinkedIn\n\n\nForward-Looking Statements\n\n\nCertain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “target,” “believe,” “expect,” “will,” “shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project,” “ou...