04:26 PM EDT, 04/08/2025 (MT Newswires) -- Vincerx Pharma ( VINC ) started shutdown measures after terminating its nonbinding letter of intent for a potential merger with Global Digital Holdings, operating as QumulusAI.

The board "authorized management to initiate wind-down activities and continue exploring monetization of assets and out-licensing opportunities," Vincerx said Tuesday in a statement.