EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 103949 / September 11, 2025 ADMINISTRATIVE PROCEEDING File No. 3-22546 In ORDER the Matter of INSTITUTING ADMINISTRATIVE PROCEEDINGS AND NOTICE OF HEARING PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934 GlassBridge Enterprises, Inc., Respondent. I. The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors that public administrative proceedings be, and hereby are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”) against the respondent named in the caption (“Respondent”). II. After an investigation, the Division of Enforcement alleges that: A. RESPONDENT 1. GlassBridge Enterprises, Inc. (“GLAE” or “Respondent”) (CIK No. 1014111) is a Delaware corporation located in New York, New York with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). GLAE is delinquent in its periodic filing…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
GLASSBRIDGE ENTERPRISES INC
Other Events
Item 8.01 – Other Events On September 15, 2025, GlassBridge Enterprises, Inc. (the “Company”) received an Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934 (the “Order”), dated September 11, 2025, by the Securities and Exchange Commission (the “SEC”), naming the Company as a respondent, a copy of which is attached he…
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Item 8.01Item 8.01 - Other Events
Item
8.01 – Other Events
On
September 15, 2025, GlassBridge Enterprises, Inc. (the “Company”) received an Order Instituting Administrative Proceedings
and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934 (the “Order”), dated September 11,
2025, by the Securities and Exchange Commission (the “SEC”), naming the Company as a respondent, a copy of which is attached
hereto as Exhibit 99.1. In the Order, the SEC stated that the Company is delinquent in its periodic filings with the SEC, failed to meet
its obligations to file timely reports and failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (the “Exchange
Act”) and Rules 13a-1 and 13a-13 thereunder. As stated in the Order, the SEC has deemed it necessary and appropriate for public
administrative proceedings to be instituted to determine, among other things, whether it is necessary and appropriate to suspend for
a period not exceeding twelve months, or revoke the registration of each class of securities of the Company registered pursuant to Section
12 of the Exchange Act. The Order states that (i) a public hearing before the SEC shall be convened at a time and place to be fixed by
further order of the SEC, (ii) the Company will have ten (10) days after the date of service of the Order to provide the SEC with an
answer to the Order; and (iii) the Division of Enforcement of the SEC and the Company shall conduct a prehearing conference within fourteen
(14) days of service of the answer.