Aivita Group Moves Forward With Liquidation and Dissolution Process as Stockholders Approve Plan

Aivita Group's Path to Dissolution and Initial Liquidation Distribution



Aivita Group Inc., previously known as EuroSite Power Inc., has taken significant steps towards its dissolution and liquidation. On December 29, 2025, the company officially filed its certificate of dissolution and received stockholder approval for its initial liquidating distribution, a move that marks the beginning of its winding-up process. This action comes after a majority of the company’s shareholders consented on December 18, 2025, to proceed with these critical steps in the company’s operations.

The filing of the certificate with the Delaware Secretary of State follows a notice sent to the Financial Industry Regulatory Authority (FINRA) on December 19, 2025. As the trading symbol for Aivita Group is officially removed from the OTC Markets, the company embarks on a formal period of liquidation.

The Board of Directors has also approved an initial liquidating distribution amounting to $5,007,094, translating to $0.05783 per outstanding share of common stock. Stockholders on record as of December 29, 2025, will receive their respective portion of this distribution. In conjunction with this distribution, a Contingency Reserve of $1,250,000 has been set aside to address any remaining obligations and estimated liquidation costs.

Registered stockholders will receive necessary documents, including a Letter of Transmittal, from the company's paying agent, Broadridge Corporate Issuer Solutions, LLC. Completion and submission of this letter, along with stock certificates, will be required for stockholders to exchange their shares for the initial liquidating distribution. Beneficial stockholders will be contacted by their respective brokers with instructions accordingly.

It’s important to highlight that this initial distribution is not expected to be the final payout for stockholders. The Board anticipates at least one additional distribution of any remaining surplus following the completion of the winding-up process. However, the timing and amounts of these potential future distributions remain undetermined. 

Tax-wise, Aivita Group aims to execute the dissolution as a complete liquidation in line with the Internal Revenue Code. This means the distributions under their amended plan should ideally be viewed as a return of capital for the stockholders rather than income. Therefore, stockholders are encouraged to consult their tax advisors for appropriate guidance on handling tax implications from these liquidating distributions.

In light of the dissolution and removal from OTC Markets, shareholders will only receive updates regarding future liquidating distributions from Broadridge Corporate Issuer Solutions, LLC. Subscriptions for news releases will also be terminated, removing automated notifications.

This dissolution marks not just the end of Aivita Group's operations but also a transition point for its stakeholders, as they navigate the financial ramifications of this action. The entire process has been met with its share of uncertainties, and the company notes that various risks could impact whether intended distributions will materialize as planned.

As the closure of one chapter looms, Aivita Group closes its website and ceases to meet ongoing public information obligations laid out by SEC rules.

For stockholders and interested parties, Aivita Group's updates moving forward will be crucial as they skirt the complexities involved through the liquidation phase. As the process unfolds, stakeholders will look for clarity on any potential remaining distributions and how these resolutions will affect their financial landscape in the near term.

Topics Financial Services & Investing)

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