Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 155

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 155
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Wright Investors’ Service Holdings, Inc. (the “Company”)
has nominal operations and nominal assets aside from its cash and cash equivalents and investments in U.S. Treasury Bills and mutual funds,
and is therefore considered a shell company, as defined in U.S. securities laws and regulations. The Company is not engaged in the business
of investing, reinvesting, or trading in securities, and it does not hold itself out as being engaged in those activities.

The Company intends to
evaluate and explore all available strategic options. The Company will continue to work to maximize stockholder value. Such strategic
options may include acquisition of an investment advisory business, acquisition of a financial services business, creating partnerships
or joint ventures for those or other businesses and investing in other businesses that provide attractive opportunities for growth. The
directors will also consider alternatives for distributing some or all of the Company’s cash and cash equivalents, and investments.
Until such time as a decision is made as to how the liquid assets of the Company are so deployed, the Company intends to invest its liquid
assets in high-grade, short- term investments (such as cash and cash equivalents and investments in U.S. Treasury Bills and mutual funds)
consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation.

The Company may be classified
as an inadvertent investment company if the Company acquires investment securities in excess of 40% of its total assets (exclusive of
government securities, and cash and certain cash equivalents). As of December 31, 2024, the Company is not considered an inadvertent investment
company.

    2.
    Summary of significant accounting policies

Principles of consolidation.

The consolidated financial statements include
the accounts of the Company and its wholly-owned subsidiaries, all of which are inactive. All significant intercompany accounts and transactions
have been eliminated in consolidation.

Use of estimates

The preparation of financial statements in conformity
with accounting principles generally accepted in the United States of America (“GAAP”), requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results
could differ from these estimates.

Cash and cash equivalents

Cash equivalents represent short-term, highly liquid investments, which
are readily convertible to cash and have maturities of three months or less at time of purchase.  Cash equivalents, which are
carried at fair value or