The Meet Group Adopts Tax Benefits Preservation Plan to Preserve Substantial Tax Assets

NEW HOPE, Pa.--(BUSINESS WIRE)--The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its Board of Directors has approved the adoption of a tax benefits preservation plan (or “the plan”) in the form of a Section 382 Rights Agreement designed to protect and preserve The Meet Group’s substantial tax assets primarily associated with net operating loss carryforwards or NOLs that could potentially be utilized in certain circumstances to offset The Meet Group’s future taxable income and reduce its federal income tax liability.