09:00 AM EDT, 04/10/2025 (MT Newswires) -- Marin Software ( MRIN ) said Thursday that it has approved a plan of dissolution and liquidation, which is subject to shareholder approval.

The company said the board's proposed wind-down includes a delisting of shares from Nasdaq, resolving outstanding liabilities, and exploring additional asset sales for distribution to stockholders.

The company said it plans to hold a special meeting of stockholders in Q2 to seek approval for the wind-down and will file proxy materials with the US Securities and Exchange Commission in the coming weeks.