Company: IWSH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001214659-25-016507
Chunk: 11

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 11
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Notes to Condensed Consolidated Financial Statements

September 30, 2025 and 2024

(unaudited)

1.Basis of presentation and description of activities

Basis of presentation

The accompanying interim financial statements
have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information
and with the instructions to Form 10-Q and Article 8 of Regulation S-X.  The information and note disclosures normally included
in complete financial statements have been condensed or omitted pursuant to such rules and regulations.  The Condensed Consolidated
Balance Sheet as of December 31, 2024 has been derived from audited financial statements. These financial statements should be read in
conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2024 as presented in
our Annual Report on Form 10-K. In the opinion of management, this interim information includes all material adjustments, which are of
a normal and recurring nature, necessary for a fair presentation. The results for the 2025 interim period are not necessarily indicative
of results to be expected for the entire year.

Description of activities

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
in U.S. Treasury Bills and mutual funds. 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 Investment in U.S. Treasury Bills and mutual funds) consistent with the preservation of principal, maintenance
of liquidity and