Viskase Holdings adopts Section 382 Rights Plan to protect NOL assets; threshold at 4.9%

Viskase Holdings, Inc.

Declared dividend of one right per common share; record date May 15, 2026; exercise price $30 per right.
Rights become exercisable if a person acquires 4.9% or more of outstanding common stock.
Upon triggering, other holders can acquire shares at a 50% discount or receive one share per right.
Plan expires May 4, 2029, unless earlier redeemed or terminated by the Board.
Carl Icahn and related entities exempt from the 4.9% threshold; can maintain but not increase ownership.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Viskase Holdings, Inc.: Board approved and filed Certificate of Designation of Series A-2 Junior Participating Preferred Stock in connection with Section 382 Rights Agreement (effective 2026-05-05).

Change: charter amendment
Effective: 2026-05-05

Exact text from the filing

In connection with the adoption of the Section 382 Rights Agreement, the Board approved a Certificate of Designation of Series A-2 Junior Participating Preferred Stock of Viskase Holdings, Inc. (the “Certificate of Designation”). The Certificate of Designation was filed with the Secretary of the State of Delaware on May 5, 2026.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Viskase Holdings, Inc. entered into Section 382 Rights Agreement with Continental Stock Transfer & Trust Company (effective 2026-05-05).

Action: entry
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2026-05-05

Exact text from the filing

On April 30, 2026 (the “Rights Dividend Declaration Date”), the Board of Directors (the “Board”) of Viskase Holdings, Inc. (formerly known as Enzon Pharmaceuticals, Inc.) (the “Company”) adopted a Section 382 Rights Agreement (the “Section 382 Rights Agreement”)

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Viskase Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-055632

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