Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 2

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 2
---
    limitations on our capital structure;

    ●
    limitations on the issuance of debt and equity securities,

    ●
    restrictions on acquisitions of interests in partner companies;

    ●
    prohibitions on transactions with affiliates;

    ●
    prohibitions on the issuance of options and other limitations on our ability to compensate key employees;

    ●
    certain governance requirements,

    ●
    restrictions on specific investments; and

    ●
    reporting, record-keeping, voting and proxy disclosure requirements.

In the event that we were to be deemed to be an
investment company subject to registration as such under the Investment Company Act, compliance costs and burdens upon us may increase
and the additional requirements may constrain our ability to conduct business, which may adversely affect our business, results of operations
or financial condition.

The Company is a shell company under the federal securities laws.

The Company has no or nominal operations. Pursuant
to Rule 405 of the Securities Act and Exchange Act Rule 12b-2, a shell company is defined as a registrant that has no or nominal
operations, and either:

    ●
    no or nominal assets;

    ●
    assets consisting solely of cash and cash equivalents; or

    ●
    assets consisting of any amount of cash and cash equivalents and nominal other assets.

Our Consolidated Balance Sheet reflects that our
assets consist primarily of cash and cash equivalents and investments in U.S. Treasury Bills and mutual funds. Accordingly, we are a shell
company. Applicable securities rules prohibit shell companies from using a Form S-8 registration statement to register securities pursuant
to employee compensation plans and from utilizing Form S-3 for the registration of securities for so long as the Company is a shell company
and for 12 months thereafter.

 3 

 Table of Contents

Additionally, Form 8-K requires shell companies
to provide more detailed disclosure upon completion of a transaction that causes it to cease being a shell company. To the extent that
we acquire a business in the future, we must file a current report on Form 8-K containing the financial and other information required
in a registration statement on Form 10 within four business days following completion of such a transaction.

To assist the SEC in the identification of shell
companies, we are required to check a box on our quarterly reports on Form 10-Q and our annual reports on Form 10-K indicating that we
are a shell company.

Since we are required to comply with additional
disclosure because we are a