May 21 (Reuters) - Guardion Health Sciences Inc ( GHSI )

:

* GUARDION HEALTH SCIENCES ANNOUNCES ITS LARGEST STOCKHOLDER

HAS

VOTED IN FAVOR OF PROPOSALS TO SELL THE VIACTIV BUSINESS AND THE

LIQUIDATION PLAN AT THE COMPANY'S SPECIAL MEETING OF

STOCKHOLDERS TO BE HELD ON MAY 23, 2024

* GUARDION HEALTH SCIENCES INC ( GHSI ) - GUARDION TO SELL VIACTIV

BUSINESS

* GUARDION HEALTH SCIENCES INC ( GHSI ) - GUARDION ESTIMATES $9-11

PER

SHARE DISTRIBUTION

* GUARDION HEALTH SCIENCES INC ( GHSI ) - IN EVENT THAT STOCKHOLDERS

APPROVE TRANSACTION AND TRANSACTION CLOSES, COMPANY WOULD BE

LEFT WITH MINIMAL OPERATIONS

* GUARDION HEALTH SCIENCES ( GHSI ) - DETERMINED THAT IT IS IN BEST

INTERESTS OF COMPANY AND ITS STOCKHOLDERS TO APPROVE A VOLUNTARY

DISSOLUTION AND LIQUIDATION

* GUARDION HEALTH SCIENCES ( GHSI ): IF SALE OF ACTIV IS APPROVED,

PLAN OF

LIQUIDATION IS NOT APPROVED, BELIEVE MAINTAINING LISTING ON

NASDAQ WILL BE DIFFICULT

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