Edgio, Inc. Adopts Tax Benefits Preservation Plan Designed to Protect the Availability of Its Tax Benefits
Edgio, Inc. (EGIO)
Company Research
Source: Business Wire
Move preserves long-term stockholder value by adopting a rights plan intended to protect tax assetsTo be submitted for stockholder ratification at 2024 annual meeting of shareholders PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (Nasdaq: EGIO) (the “Company”), today announced that its Board of Directors (the “Board”) has adopted a Tax Benefits Preservation Plan (the “Tax Plan”).The Company has significant U.S. federal and state net operating loss carryforwards (“NOLs”). As of December 31, 2023 the Company has U.S. federal NOLs of approximately $300 million that can be used to offset taxable income.The Tax Plan is designed to protect the availability of the Company’s U.S. federal and state NOLs and other tax attributes (collectively, the “Tax Benefits”), which can potentially be utilized in certain circumstances to reduce the Company’s future income tax obligations. Utilization of the Tax Benefits depends on many factors, including the Company’s future taxable income. The Tax Plan reduces t
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EGIO
News
- Edgio, Inc. Adopts Tax Benefits Preservation Plan Designed to Protect the Availability of Its Tax Benefits [Yahoo! Finance]Yahoo! Finance
- Edgio, Inc. Receives Expected Notice from NASDAQBusiness Wire
- Edgio Empowers Vercara to Push the Boundaries of Performance & Security to the Edge [Yahoo! Finance]Yahoo! Finance
- Edgio Empowers Vercara to Push the Boundaries of Performance & Security to the EdgeBusiness Wire
- Sinclair Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
EGIO
Earnings
- 11/14/23 - Beat
EGIO
Sec Filings
- 6/7/24 - Form 8-K
- 6/7/24 - Form 8-A12B
- 6/7/24 - Form 8-K
- EGIO's page on the SEC website