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GlassBridge Enterprises, Inc. (OTC:GLAE), a company with a market capitalization of approximately $105 million, disclosed Wednesday that it has received an Order Instituting Administrative Proceedings and Notice of Hearing from the Securities and Exchange Commission (SEC), dated September 11, 2025. The SEC alleges that the company is delinquent in its periodic filings, failed to meet its obligations to file timely reports, and did not comply with Section 13(a) of the Securities Exchange Act of 1934 and related rules. According to InvestingPro data, the company has shown significant market volatility, with the stock posting a 42% gain year-to-date despite operational challenges.
According to the press release statement, the SEC has initiated public administrative proceedings to determine whether it is necessary to suspend for up to twelve months, or revoke, the registration of each class of GlassBridge’s securities registered under Section 12 of the Exchange Act. The company was named as a respondent in the order.
The SEC’s order specifies that a public hearing will be convened at a time and place to be determined by further order. GlassBridge Enterprises has ten days from the date of service of the order to provide an answer to the SEC. In addition, the company and the SEC’s Division of Enforcement are required to conduct a prehearing conference within fourteen days after the answer is served.
GlassBridge Enterprises, previously known as Imation Corp and 3M Information Processing Inc, is incorporated in Delaware and is based in New York. The company currently does not have any securities registered on a national securities exchange.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Interlink Electronics, Inc. has been awarded a $175,000 Small Business Innovation Research (SBIR) Phase I grant from the U.S. Department of Agriculture. This funding will aid in the development of an AI-powered post-harvest food quality and safety monitoring system, utilizing the company’s electrochemical gas sensing platform and data analytics capabilities. Additionally, Interlink Electronics received a $280,000 Phase 1 SBIR award from the National Institute of Environmental Health Sciences. This grant is intended to support the development of a next-generation air quality monitoring system with AI-enabled gas sensing nodes for real-time pollution detection and forecasting.
Furthermore, Lake Street Capital Markets has initiated coverage on Interlink Electronics with a Buy rating and set a price target of $10.00. The research firm based its price target on a price-to-sales multiple of 7x, using its 2026 revenue estimate of $14.3 million. These developments highlight significant financial backing and positive analyst outlooks for Interlink Electronics.
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