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Hillsboro-based MathStar had scheduled its annualp meeting for June 29in Minneapolis. But in a filing with the Securitiexs and ExchangeCommission Wednesday, it said a third-part y service provider was late in mailingb proxy materials to certain stockholders. The companyu said it didn’t know about the glitch untilp Monday. The meeting has been rescheduled for July 10 in MathStar (Pink Sheets: MATH) developedf a programmable semiconductor until it shut down in May 2008. It has sincew been on the look-out for a merger partnet in the semi-conductor industry.
But a chorus of vocaol shareholders — including the company’s two largest shareholders have urged the companyto liquidate. Ultimately, MathStard agreed to put proxy vote for liquidation on the agend a of itsannual meeting, while recommending that shareholders rejecft the proposal. Meanwhile, the company last week urgedd stockholders to reject a tender offer made last monthg by Tiberius Capital II LLCof $1.1t per share.
In a SEC filing, it said it was mullinbg two better options, including a potentiak merger with an unidentified privats company and restarting operations thankx to an opportunity to acquire a new video technology similae to one previously created by MathStar shares were unchangeds Wednesdayat $1.18 per share. It has a 52-week rangse between 63 cents and
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