---
schema_version: "secwatch.filing_event.v1"
accession: "0001831283-24-000004"
form_type: "8-K"
ticker: "LIANY"
cik: "0001831283"
company_name: "LianBio"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:38:53.215075+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# LianBio to wind down operations, delist from Nasdaq, pay $4.80 special dividend

## Summary
- Board approves wind-down; workforce reduction of ~50% (over 50 employees) in Q1 2024.
- Voluntary delisting from Nasdaq; last trading day expected March 18, 2024; OTC trading planned.
- Special cash dividend of $4.80 per ordinary share/ADS (~$528M aggregate); record date Feb 27, payable ~March 11.
- Estimated wind-down costs ~$17.2M, primarily severance; full dissolution expected first half 2027.
- Company will pursue sale of remaining pipeline assets; any profits to be distributed to shareholders.

## SEC filing metadata
- accession: 0001831283-24-000004
- form_type: 8-K
- ticker: LIANY
- cik: 0001831283
- company_name: LianBio
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.05, 3.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831283/000183128324000004/0001831283-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831283/000183128324000004/lian-20240209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831283-24-000004
- JSON: https://secwatch.observer/filing/0001831283-24-000004.json
- Plain text: https://secwatch.observer/filing/0001831283-24-000004.txt

## Key facts
- Restructurings & Charges
  LianBio announced a restructuring with charges of approximately $17.2 million in costs primarily related to employee severance and, in some cases, retention bonuses affecting over 50 full-time employees, or approximately 50% of the Company’s current employee base (reduction in force of over 50 full-time employees, or approximately 50% of the Company’s current employee base, in the f).
  - Type: restructuring
  - Charge: approximately $17.2 million in costs primarily related to employee severance and, in some cases, retention bonuses
  - Affected area: over 50 full-time employees, or approximately 50% of the Company’s current employee base
  - Headcount: reduction in force of over 50 full-time employees, or approximately 50% of the Company’s current employee base, in the f
  source text: to meet its ongoing operational costs through funds retained after the special dividend. As a result of the wind down, the Company estimates that it will incur approximately $17.2 million in costs primarily related to employee severance and, in some cases, retention bonuses. The Company expects to record a significant portion of these charges in the first half of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831283/000183128324000004/0001831283-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.