What changed in this filing

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Item 1. Financial Statements

2026-08-14 compared with 2026-05-15 · 198 added, 116 removed, 71 unchanged (82% of the section changed)

Financial Statements.

WRIGHT INVESTORS' SERVICE HOLDINGS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

WRIGHT INVESTORS'

SERVICE HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands,

except per share amounts)

Current assets

Cash and cash equivalents

Investments 1,076 1,267

Prepaid expenses and other current assets

Total current assets

Other assets 8 8

Total assets $ 1,146 $ 1,386

Liabilities and stockholders’ equity

4 unchanged sentences

Stockholders’ equity

Preferred stock, par value $ 0.01 per share, authorized 10,000,000 shares;

none issued - -

Common stock, par value $ 0.01 per share, authorized 30,000,000 shares;

issued 21,628,680 as of March 31, 2026 and December 31, 2025;

outstanding 20,620,711 at March 31, 2026 and December 31, 2025.

Preferred stock, par value $ 0.01

per share, authorized 10,000,000

Common stock, par value $ 0.01

per share, authorized 30,000,000

issued 21,628,680

as of June 30, 2026 and December 31, 2025;

outstanding 20,620,711

at June 30, 2026 and December 31, 2025.

Additional paid-in capital

Accumulated deficit

Treasury stock, at cost ( 1,007,969 shares at March 31, 2026 and December 31, 2025) ( 1,747 ) ( 1,747 )

Treasury stock, at cost ( 1,007,969

shares at June 30, 2026 and December 31, 2025)

Total stockholders' equity

2 unchanged sentences

financial statements.

WRIGHT INVESTORS' SERVICE HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended March 31,

WRIGHT INVESTORS'

SERVICE HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands,

except per share amounts)

Three Months Ended June

Six Months Ended June

Compensation and benefits

3 unchanged sentences

Interest and other income, net

Net loss $ ( 261 ) $ ( 256 )

Basic and diluted weighted average common shares outstanding

2 unchanged sentences

financial statements.

WRIGHT INVESTORS' SERVICE HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES

IN STOCKHOLDERS' EQUITY

THREE MONTHS ENDED MARCH 31, 2026 AND 2025

WRIGHT INVESTORS'

SERVICE HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

THREE AND SIX

MONTHS ENDED JUNE 30, 2026 AND 2025

(in thousands, except per share data)

Additional Treasury stock-

Common stock (Issued) paid -in Accumulated stock, at Holders’

shares amount capital deficit cost equity

Common stock (Issued)

Balance at December 31, 2024

Net loss - - - ( 256 ) - ( 256 )

Balance at March 31, 2025

Balance at June 30, 2025

Balance at December 31, 2025

Net loss - - - ( 261 ) - ( 261 )

Balance at March 31, 2026

Balance at June 30, 2026

See accompanying notes to condensed consolidated

financial statements.

WRIGHT INVESTORS' SERVICE HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

WRIGHT INVESTORS'

SERVICE HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Three Months Ended

Six Months Ended

Cash flows from operating activities

Net loss $ ( 261 ) $ ( 256 )

Adjustments to reconcile net loss to net cash used in operating activities:

Realized gain on investments - ( 11 )

Changes in other operating items:

6 unchanged sentences

Net cash provided by (used in) by investing activities

Net decrease in cash and cash equivalents ( 20 ) ( 769 )

Net increase (decrease) in cash and cash equivalents

Cash and cash equivalents at the beginning of the period

2 unchanged sentences

financial statements.

WRIGHT INVESTORS’ SERVICE HOLDINGS, INC.

Notes to Condensed Consolidated Financial Statements

March 31, 2026 and 2025

WRIGHT INVESTORS’

SERVICE HOLDINGS, INC.

to Condensed Consolidated Financial Statements

June 30, 2026 and 2025

Basis of presentation and description of activities

Basis of presentation

The accompanying interim financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X.

The information and note disclosures normally included in complete financial statements have been condensed or omitted pursuant to such rules and regulations.

The Condensed Consolidated Balance Sheet as of December 31, 2025 has been derived from audited financial statements.

These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2025 as presented in our Annual Report on Form 10-K.

In the opinion of management, this interim information includes all material adjustments, which are of a normal and recurring nature, necessary for a fair presentation.

The results for the 2026 interim period are not necessarily indicative of results to be expected for the entire year.

The accompanying interim financial statements

have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information

and with the instructions to Form 10 -Q and Article 8 of Regulation S-X.

The information and note disclosures

normally included in complete financial statements have been condensed or omitted pursuant to such rules and regulations.

The Condensed

Consolidated Balance Sheet as of December 31, 2025 has been derived from audited financial statements.

These financial statements should

be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2025 as presented

in our Annual Report on Form 10 -K.

In the opinion of management, this interim information includes all material adjustments,

which are of a normal and recurring nature, necessary for a fair presentation.

The results for the 2026 interim period are not necessarily

indicative of results to be expected for the entire year.

Description of activities

Wright Investors’ Service Holdings, Inc.

(the “Company”) has nominal operations and nominal assets aside from its cash and cash equivalents and investments in money market mutual funds, and is therefore considered a shell company, as defined in U.S.

Wright Investors’

Service Holdings, Inc.

(the “Company”) has nominal operations and nominal assets aside from its cash and cash equivalents

and investments in money market mutual funds, and is therefore considered a shell company, as defined in U.S.

securities laws and regulations.

The Company is not engaged in the business of investing, reinvesting, or trading in securities, and it does not hold itself out as being engaged in those activities.

The Company intends to evaluate and explore all available strategic options.

The Company is not engaged in the business of investing, reinvesting, or trading in securities, and it does not hold itself out as being

engaged in those activities.

The Company intends

to evaluate and explore all available strategic options.

The Company will continue to work to maximize stockholder value.

Such strategic options may include acquisition of an investment advisory business, acquisition of a financial services business, creating partnerships or joint ventures for those or other businesses and investing in other businesses that provide attractive opportunities for growth.

The directors will also consider alternatives for distributing some or all of the Company’s cash and cash equivalents, and investments to stockholders.

Until such time as a decision is made as to how the liquid assets of the Company are so deployed, the Company intends to invest its liquid assets in high-grade, short- term investments (such as cash and cash equivalents and investments in money market mutual funds) consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation.

The Company may be classified as an inadvertent investment company if the Company acquires investment securities in excess of 40% of its total assets (exclusive of government securities, and cash and certain cash equivalents).

As of March 31, 2026, the Company is not considered an inadvertent investment company.

The Company is not engaged in the business of investing, reinvesting, or trading in securities, and it does not hold itself out as being engaged in those activities.

However, under the Investment Company Act of 1940, as amended (the “Investment Company Act”), a company may fall within the scope of being an “inadvertent investment company” under section 3(a)(1)(C) of such Act if the value of the Company’s investment securities (as defined in the Investment Company Act) is more than 40% of the Company’s total assets (exclusive of government securities, and cash and certain cash equivalents).

The investment Company Act of 1940 Rule 3a-2 provides a one-year safe harbor from the definition of “investment company” under Section 3(a)(1) for issuers that are temporarily engaged in investing, reinvesting, owning, holding, or trading in securities while they transition to an operating business.

The Company is relying on Rule 3a-2 under the Investment Company Act of 1940, which provides a one-year safe harbor from being deemed an “investment company” for issuers that have a bona fide intent to be engaged primarily in a non-investment business as soon as reasonably possible.

Such strategic

options may include acquisition of an investment advisory business, acquisition of a financial services business, creating partnerships

or joint ventures for those or other businesses and investing in other businesses that provide attractive opportunities for growth.

The Company may be

classified as an inadvertent investment company if the Company acquires investment securities in excess of 40% of its total assets (exclusive

of government securities, and cash and certain cash equivalents).

As of June 30, 2026, the Company is not considered an inadvertent investment

The Company is not engaged in the business of

investing, reinvesting, or trading in securities, and it does not hold itself out as being engaged in those activities.

However, under

the Investment Company Act of 1940, as amended (the “Investment Company Act”), a company may fall within the scope of being

an “inadvertent investment company” under section 3 (a) (1 )(C) of such Act if the value of the Company’s

investment securities (as defined in the Investment Company Act) is more than 40% of the Company’s total assets (exclusive of government

securities, and cash and certain cash equivalents).

The investment Company Act of 1940 Rule 3 a- 2 provides a

one-year safe harbor from the definition of “investment company” under Section 3 (a) (1 ) for issuers

that are temporarily engaged in investing, reinvesting, owning, holding, or trading in securities while they transition to an operating

The Company is relying on Rule 3 a- 2 under the Investment Company Act of 1940, which provides a one-year

safe harbor from being deemed an “investment company” for issuers that have a bona fide intent to be engaged primarily in

a non-investment business as soon as reasonably possible.

Going Concern

The accompanying financial statements have been prepared on a basis which assumes that the Company will continue as a going concern and which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business.

The Company has suffered recurring losses from operations and negative cash flows from operating activities.

At March 31, 2026, the Company had working capital of approximately $ 1,038 ,000.

At March 31, 2026, the Company had an accumulated deficit of approximately $ 31,815 ,000.

The Company held cash and cash equivalents of approximately $ 13 ,000, and investments in money market mutual funds of $ 1,076 ,000, respectively, as of March 31, 2026.

The Company believes that its cash resources at March 31, 2026 may not meet its operating expenditure requirements through the second quarter of 2027.

These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company continues to face significant challenges and uncertainties and intends to evaluate and explore all available strategic options.

The Company will continue to work to maximize stockholder value, including a continued evaluation of possible business ventures deemed to provide attractive opportunities for growth.

The directors will also consider alternatives for distributing some or all of the Company’s cash and cash equivalents and investments.

Until such time as a decision is made as to how its liquid assets are so deployed, the Company intends to invest its liquid assets in high-grade, short-term investments consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation.

During the period in which we are seeking to complete such a transaction, substantially all of our assets consist of cash, cash equivalents and/or short-term investments.

The accompanying financial statements have been

prepared on a basis which assumes that the Company will continue as a going concern and which contemplates the realization of assets and

satisfaction of liabilities and commitments in the normal course of business.

The Company has suffered recurring losses from operations

and negative cash flows from operating activities.

At June 30, 2026, the Company had working capital of approximately $ 795,000 .

At June 30, 2026, the Company had an accumulated deficit of approximately $ 32,058 ,000.

The Company held cash and cash equivalents of approximately $ 48 , 000 ,

and investments in money market mutual funds of approximately $ 870 , 000 ,

respectively, as of June 30, 2026.

The Company believes that its cash resources

at June 30, 2026 may not meet its operating expenditure requirements through the third quarter of 2027.

These factors raise substantial doubt about the

Company’s ability to continue as a going concern.

The Company continues to face significant challenges and uncertainties and intends

to evaluate and explore all available strategic options.

The Company will continue to work to maximize stockholder value, including a

continued evaluation of possible business ventures deemed to provide attractive opportunities for growth.

The directors will also consider

alternatives for distributing some or all of the Company’s cash and cash equivalents and investments.

Until such time as a decision

is made as to how its liquid assets are so deployed, the Company intends to invest its liquid assets in high-grade, short-term investments

consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation.

During the period in which we are

seeking to complete such a transaction, substantially all of our assets consist of cash, cash equivalents and/or short-term investments.

Per share data

Loss per share for the three months ended March 31, 2026 and 2025 is calculated based on 20,620,711 weighted average outstanding shares of common stock.

The Company had no dilutive or potentially dilutive securities during the periods presented.

Loss per share for the three and six months

ended June 30, 2026 and 2025 is calculated based on 20,620,711

weighted average outstanding shares of common stock.

The Company had no dilutive or potentially dilutive securities during the periods

Segment Disclosure

The Company's operations are reported within one reportable segment and constitutes the Company and its wholly-owned subsidiaries, all of which are inactive, which are reported in the condensed consolidated financial statements.

The Company currently has no or nominal operations, no revenues from operations and is considered a shell company, as defined in the U.S.

The Company's operations are reported within one reportable

segment and constitutes the Company and its wholly-owned subsidiaries, all of which are inactive, which are reported in the condensed

consolidated financial statements.

The Company currently has no or nominal operations, no revenues from operations and is considered a

shell company, as defined in the U.S.

securities laws and regulations.

The Company's chief operating decision maker (“CODM”) is the Chief Executive Officer .

The CODM evaluates the results and performance of the reporting segment and decides how to allocate resources based on condensed consolidated net loss which is reported on the Condensed Consolidated Statements of Operations.

Additionally, the measure of segment assets is reported on the Condensed Consolidated Balance Sheets as total assets.

The accounting policies for the reportable segment are the same as those described above in the summary of significant accounting policies.

The expenses and net loss for the one reportable segment are the same as those presented on the Condensed Consolidated Statements of Operations.

Significant expense categories, including compensation and benefits, other operating expenses, and interest and other income, net are included on the Company's Condensed Consolidated Statements of Operations.

Company's chief operating decision maker (“CODM”) is the Chief Executive Officer .

The CODM evaluates the results and performance of the reporting segment and decides how to allocate resources based on condensed consolidated

net loss which is reported on the Condensed Consolidated Statements of Operations.

Additionally, the measure of segment assets is reported

on the Condensed Consolidated Balance Sheets as total assets.

The accounting policies for the reportable segment

are the same as those described above in the summary of significant accounting policies.

The expenses and net loss for the one reportable

segment are the same as those presented on the Condensed Consolidated Statements of Operations.

Significant expense categories, including

compensation and benefits, other operating expenses, and interest and other income, net are included on the Company's Condensed Consolidated

Statements of Operations.

New accounting standards

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Improvements to Income Tax Disclosures, which requires entities to disclose disaggregated information about their effective tax rate reconciliations as well as expanded information on income taxes by jurisdiction.

In November 2023, the Financial Accounting Standards

Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Improvements to Income Tax Disclosures, which

requires entities to disclose disaggregated information about their effective tax rate reconciliations as well as expanded information

on income taxes by jurisdiction.

The standard is effective for fiscal years beginning after December 15, 2024, on a prospective basis.

The Company discloses its income tax rate reconciliation in its annual consolidated financial statements only and the adoption, effective January 1, 2025, did not have a material impact on its consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting-Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40):

Disaggregation of Income Statement Expenses.

The standard update improves the disclosures about a public business entity’s expenses by requiring more detailed information about the types of expenses (including compensation and benefits and other operating expenses) included within income statement expense captions.

The guidance will be effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027.

The Company discloses its income tax rate reconciliation in its annual consolidated financial statements only and the adoption, effective

January 1, 2025, did not have a material impact on its consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03,

Income Statement Reporting-Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40):

Disaggregation of Income Statement

The standard update improves the disclosures about a public business entity’s expenses by requiring more detailed information

about the types of expenses (including compensation and benefits and other operating expenses) included within income statement expense

The guidance will be effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods

beginning after December 15, 2027.

Early adoption is permitted.

The standard will be applied on a prospective basis, with retrospective application permitted.

The standard will be applied on a prospective basis, with retrospective

application permitted.

The Company is currently evaluating the impact of adoption of the standard on its financial statement disclosures.

Investment valuation

The Company’s investments in marketable securities consist of investments in equity securities which are money market mutual funds.

Company’s investments in marketable securities consist of investments in equity securities which are money market mutual funds.

The Company carries its investments at fair value.

Fair value is an estimate of the exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants (i.e., the exit price at the measurement date).

Fair value is an estimate of the exit price, representing the amount that would be

received to sell an asset or paid to transfer a liability in an orderly transaction between market participants (i.e., the exit price

at the measurement date).

Fair value measurements are not adjusted for transaction costs.

A fair value hierarchy provides for prioritizing inputs to valuation techniques used to measure fair value into three levels:

Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 Inputs other than quoted market prices that are observable, either directly or indirectly, and reasonably available.

Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company.

Level 3 Unobservable inputs.

Unobservable inputs reflect the assumptions that the Company develops based on available information about what market participants would use in valuing the asset or liability.

An asset or liability's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

fair value hierarchy provides for prioritizing inputs to valuation techniques used to measure fair value into three levels:

Unadjusted quoted prices in active markets for identical assets or liabilities.

Inputs other than quoted market prices that are observable, either directly or indirectly, and reasonably

Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed

based on market data obtained from sources independent of the Company.

Unobservable inputs.

Unobservable inputs reflect the assumptions that the Company develops based on

available information about what market participants would use in valuing the asset or liability.

asset or liability's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value

Availability of observable inputs can vary and is affected by a variety of factors.

The Company uses judgment in determining fair value of assets and liabilities and Level 3 assets and liabilities involve greater judgment than Level 1 or Level 2 assets or liabilities.

As of March 31, 2026 and December 31, 2025, the Company held investments in equity securities which consist of a money market mutual fund of $ 1,076,000 and $ 1,267,000 , respectively.

The Company uses judgment in determining

fair value of assets and liabilities and Level 3 assets and liabilities involve greater judgment than Level 1 or Level 2 assets or liabilities.

of June 30, 2026 and December 31, 2025, the Company held investments in equity securities which consist of a money market mutual fund

and $ 1,267,000 ,

respectively.

Money market mutual funds are valued at the closing price reported by the fund sponsor from an actively traded exchange.

Money market mutual funds are categorized in Level 1 of the fair value hierarchy, depending on the unadjusted quoted prices in active markets for identical assets.

The Company follows the guidance in ASC 321, “Investments – Equity Securities” (“ASC 321”) for its investments in equity securities with unrealized and realized gains and losses recorded as Interest and other income, net, on the Consolidated Statements of Operations.

The following table presents the Company’s financial instruments measured at fair value (in thousands):

Fair Value Measurements

as of March 31, 2026

Total Quoted Prices

(Level 1) Significant

(Level 2) Significant

Money market mutual funds are categorized in Level 1 of the fair value hierarchy, depending on the unadjusted quoted prices in active

markets for identical assets.

Company follows the guidance in ASC 321, “Investments – Equity Securities” (“ASC 321”) for its investments

in equity securities with unrealized and realized gains and losses recorded as Interest and other income, net, on the Consolidated Statements

of Operations.

following table presents the Company’s financial instruments measured at fair value (in thousands):

Value Measurements

as of June 30, 2026

Quoted Prices

Investments in Money Market Mutual Funds

Fair Value Measurements

as of December 31, 2025

Total Quoted Prices

(Level 1) Significant

(Level 2) Significant

Value Measurements

of December 31, 2025

Quoted Prices

Investments in Money Market Mutual Funds

Investments in equity securities as of March 31, 2026 and December 31, 2025 are summarized by type below (in thousands).

in equity securities as of June 30, 2026 and December 31, 2025 are summarized by type below (in thousands).

Money Market Mutual Funds

Total $ 1,076 $ - $ - $ 1,076

Money Market Mutual Funds

Total $ 1,267 $ - $ - $ 1,267

No tax benefit has been recorded in relation to the pre-tax loss for the three months ended March 31, 2026 and 2025, due to a full valuation allowance to offset any deferred tax asset related to net operating loss carry forwards attributable to the losses.

As of March 31, 2026, the Company had no material uncertain income tax positions.

benefit has been recorded in relation to the pre-tax loss for the three and six months ended June 30, 2026 and 2025, due to a full valuation

allowance to offset any deferred tax asset related to net operating loss carry forwards attributable to the losses.

As of June 30, 2026,

the Company had no uncertain income tax positions.

Capital Stock

The Company’s Board of Directors, without any vote or action by the holders of common stock, is authorized to issue preferred stock from time to time in one or more series and to determine the number of shares and to fix the powers, designations, preferences and relative, participating, optional or other special rights of any series of preferred stock.

The Board of Directors authorized the Company to repurchase up to 5,000,000 outstanding shares of common stock from time to time either in open market or privately negotiated transactions.

The Company did not repurchase any common stock during the three months ended March 31, 2026 and 2025, respectively.

At March 31, 2026 and 2025, the Company had repurchased 2,234,721 shares of its common stock and a total of 2,765,279 of the authorized shares, remained available for repurchase as of March 31, 2026.

The Company’s

Board of Directors, without any vote or action by the holders of common stock, is authorized to issue preferred stock from time to time

in one or more series and to determine the number of shares and to fix the powers, designations, preferences and relative, participating,

optional or other special rights of any series of preferred stock.

of Directors authorized the Company to repurchase up to 5,000,000 outstanding

shares of common stock from time to time either in open market or privately negotiated transactions.

The Company did not repurchase any

common stock during the six months ended June 30, 2026 and 2025, respectively.

At June 30, 2026 and 2025, the Company had repurchased 2,234,721 shares

of its common stock and a total of 2,765,279 of

the authorized shares, remained available for repurchase as of June 30, 2026.

Commitments, Contingencies, and

The Company has interests in land and certain flowage rights in undeveloped

property (the “properties”) primarily located in Killingly, Connecticut.

The properties were fully impaired as of December

In September 2014, the Connecticut

Department of Energy and Environmental Protection (“DEEP”) issued two Consent Orders requiring the investigation and

repair of two dams, Acme Pond Dam and Killingly Pond Dam, in which the Company and its subsidiaries have certain ownership interests.

Both matters have been fully resolved.

In February 2020 and May 2020, DEEP issued to the Company Certificates of Compliance for the Consent

Orders relating to Acme Pond Dam and Killingly Pond Dam, respectively.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements