Benzinga | Dec 6, 2021 11:57AM EST

Insignia Systems Earlier Announced Review Of Strategic Alternatives

Insignia Systems, Inc. (NASDAQ:ISIG) ("Insignia") announced today the commencement of a formal process to explore strategic options to maximize shareholder value. Potential strategic alternatives that may be evaluated include, but are not limited to, an acquisition, merger, business combination, in-licensing, or other strategic transaction. There can be no assurance that this process will result in any transaction. Insignia has not set a timetable for the completion of this review process and does not intend to comment further unless or until the Board of Directors has approved a definitive course of action or it is determined that other disclosure is appropriate.

Chardan has been engaged to act as Insignia Systems' strategic financial advisor to assist the Company in this review process.