UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 WASHINGTON, D.C.
20549

 FORM 10-K

 (Mark One)

 ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended December 31, 2024

 TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the transition period from ________ to _______

 Commission file Number: 000-50587

 WRIGHT INVESTORS'
SERVICE HOLDINGS, INC.

 (Exact Name of Registrant as Specified in Its Charter)

 Delaware

 13-4005439

 (State or Other Jurisdiction of
 Incorporation or Organization)

 (IRS Employer Identification Number)

 118 North Bedford Road, Ste. 100, Mount Kisco, NY 10549

 (Address of Principal Executive Offices, including Zip Code)

 (914) 242-5700

 (Registrant's telephone number, including area code)

 Securities registered pursuant to Section 12(b) of the Act:

 None

 Securities registered pursuant to Section 12(g) of the Act:

 Common Stock, $0.01 Par Value

 (Title of Class)

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No

by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes No

by check mark whether the registrant has submitted electronically, if any, every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and
post such files). Yes No

 Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or, an emerging
growth company. See the definitions of "large accelerated filer," "accelerated filer", "smaller reporting
company", and "emerging growth company", in Rule 12b-2 of the Exchange Act.

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer

 Smaller reporting company

 Emerging growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of
its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C 7262(b)) by the registered public
accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements. Yes No

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period. Yes No

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No

 The aggregate market value
of the registrant's common stock held by non-affiliates of the registrant, computed by reference to the price at which the common
stock was last sold, or the average bid and asked price of such common stock, as of the last business day of the registrant's most
recently completed second quarter, is $ 4,000,000.

 As of March 24, 2025, 20,620,711
shares of the registrant's common stock were outstanding.

 DOCUMENTS INCORPORATED BY REFERENCE

 Part III of this report incorporates
certain information by reference from the registrant's proxy statement for the 2024 annual meeting of stockholders, or an amendment
to this Annual Report on Form 10-K, to be filed no later than 120 days after the close of the registrant's fiscal year ended December
31, 2024.

 Page

 Item 1.

 Business

 Item 1A.

 Risk Factors

 Item 1B.

 Unresolved Staff Comments

 Item 1C

 Cybersecurity

 Item 2.

 Properties

 Item 3.

 Legal Proceedings

 Item 4.

 Mine Safety Disclosures

 Item 5.

 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 Item 6.

 Selected Financial Data

 Item 7.

 Management's Discussion and Analysis of Financial Condition and Results of Operations

 Item 7A.

 Quantitative and Qualitative Disclosures About Market Risk

 Item 8.

 Financial Statements and Supplementary Data

 Item 9.

 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 Item 9A.

 Controls and Procedures

 Item 9B.

 Other Information

 Item 10.

 Directors, Executive Officers and Corporate Governance

 Item 11.

 Executive Compensation

 Item 12.

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item 13.

 Certain Relationships and Related Transactions, and Director Independence

 Item 14.

 Principal Accounting Fees and Services

 Item 15.

 Exhibits and Financial Statement Schedules

 Item 16.

 Form 10-K Summary

 SIGNATURES

 Cautionary Statement Regarding Forward-Looking Statements

 This Annual Report on Form 10-K contains "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and
Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Private Securities Litigation
Reform Act of 1995 provides a "safe harbor" for forward looking statements. Forward-looking statements are not statements
of historical facts, but rather reflect our current expectations concerning future events and results. The words "may," "will,"
"anticipate," "should," "would," "believe," "contemplate," "could,"
"project," "predict," "expect," "estimate," "continue," and "intend,"
as well as other similar words and expressions of the future, are intended to identify forward-looking statements.

 These forward-looking statements generally relate
to our plans, objectives and expectations for future events and include statements about our expectations, beliefs, plans, objectives,
intentions, assumptions and other statements that are not historical facts. These statements are based upon our opinions and
estimates as of the date they are made. Although we believe that the expectations reflected in these forward-looking statements
are reasonable, such forward-looking statements are subject to known and unknown risks and uncertainties that may be beyond our control,
which could cause actual results, performance and achievements to differ materially from results, performance and achievements projected,
expected, expressed or implied by the forward-looking statements. While we cannot assess the future impact that any of these
differences could have on our business, financial condition, results of operations and cash flows or the market price of shares of our
common stock, the differences could be significant. You are cautioned not to unduly rely on such forward-looking statements when evaluating
the information presented in this report.

 Factors that may cause actual results to differ
from historical results or those results expressed or implied, include, but are not limited to, those listed below under Item 1A. "Risk
Factors".

 If significant risks and uncertainties occur,
or if our estimates or underlying assumptions prove inaccurate, actual results could differ materially. You are urged to consider
all such risks and uncertainties. In light of the uncertainty inherent in such forward-looking statements, you should not consider their
inclusion to be a representation that such forward-looking matters will be achieved.

 Additional information concerning the factors
that could cause actual results to differ materially from those in the forward-looking statements is contained in Item 1. "Business",
Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations", and elsewhere in this
Annual Report on Form 10-K and in our other filings with the Securities and Exchange Commission (the "SEC") which are available
on the SEC website at www.sec.gov. We undertake no obligation to publicly revise any forward-looking statements or cautionary
factors, except as required by law.

 Item 1. Business.

 General Development of Business

 Wright Investors' Service Holdings, Inc.
(the "Company", "Wright Holdings", "we" or "us") was incorporated on March 10, 1998. The
Company's common stock is quoted on the OTC Pink Sheets and is traded under the symbol "iWSH".

 The Company currently has a substantial portion
of its assets consisting of cash and cash equivalents and investments in U.S. Treasury Bills and mutual funds.

 Description of the Business of the Company

 The Company has no or nominal operations. As a
result, the Company is a "shell company", as defined in Rule 405 of the Securities Act of 1933, as amended, or the Securities
Act, and Rule 12b-2 of the Securities Exchange Act of 1934, as amended, or the Exchange Act. As a shell company, its stockholders will
be unable to utilize Rule 144 of the Securities Act, or Rule 144 to sell "restricted stock" as defined in Rule 144 or otherwise
use Rule 144 to sell stock of the Company, and the Company would be ineligible to utilize registration statements on Form S-3 or Form
S-8 for so long as the Company remains a shell company and other things, as a consequence, the offering, issuance and sale of its securities
is likely to be more expensive and time consuming and may make the Company's securities less attractive to investors.

 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 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. 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.

 See "Risk Factors" "The Company
may be classified as an inadvertent investment company " and "The Company is a shell company under the federal securities
laws."

 Employees

 The Company has 2 full-time employees as of December
31, 2024.

 Connecticut Property

 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 31, 2018.

 Item 1A. Risk Factors.

 RISK FACTORS

 You should carefully consider the following risk factors relating to
our business and the additional information in our other reports that we file with the SEC.

 The Company may be classified as an inadvertent investment company
if we acquire investment securities in excess of 40% of our total assets.

 The Company is not engaged in the business of
investing, reinvesting, or trading in securities, and we do not hold ourselves out as being engaged in those activities. However, under
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 its investment securities (as defined in the Investment Company Act) is more than 40% of its total
assets (exclusive of government securities, and cash and certain cash equivalents).

 If the Company was required to register as
an "investment company" under the Investment Company Act, applicable restrictions could make it impractical for the Company
to continue its business as contemplated and could have a material adverse effect on us.

 The Investment Company Act and the rules thereunder
contain detailed requirements for the organization and operation of investment companies. If we were required to register under the Investment
Company Act, applicable restrictions and other requirements could have a material adverse effect on us. In the event that we were to be
required to register as an investment company under the Investment Company Act, we would be forced to comply with substantive requirements
under the Act, including:

 limitations on our ability to borrow;

 limitations on our capital structure;

 limitations on the issuance of debt and equity securities,

 restrictions on acquisitions of interests in partner companies;

 prohibitions on transactions with affiliates;

 prohibitions on the issuance of options and other limitations on our ability to compensate key employees;

 certain governance requirements,

 restrictions on specific investments; and

 reporting, record-keeping, voting and proxy disclosure requirements.

 In the event that we were to be deemed to be an
investment company subject to registration as such under the Investment Company Act, compliance costs and burdens upon us may increase
and the additional requirements may constrain our ability to conduct business, which may adversely affect our business, results of operations
or financial condition.

 The Company is a shell company under the federal securities laws.

 The Company has no or nominal operations. Pursuant
to Rule 405 of the Securities Act and Exchange Act Rule 12b-2, a shell company is defined as a registrant that has no or nominal
operations, and either:

 no or nominal assets;

 assets consisting solely of cash and cash equivalents; or

 assets consisting of any amount of cash and cash equivalents and nominal other assets.

 Our Consolidated Balance Sheet reflects that our
assets consist primarily of cash and cash equivalents and investments in U.S. Treasury Bills and mutual funds. Accordingly, we are a shell
company. Applicable securities rules prohibit shell companies from using a Form S-8 registration statement to register securities pursuant
to employee compensation plans and from utilizing Form S-3 for the registration of securities for so long as the Company is a shell company
and for 12 months thereafter.

 Additionally, Form 8-K requires shell companies
to provide more detailed disclosure upon completion of a transaction that causes it to cease being a shell company. To the extent that
we acquire a business in the future, we must file a current report on Form 8-K containing the financial and other information required
in a registration statement on Form 10 within four business days following completion of such a transaction.

 To assist the SEC in the identification of shell
companies, we are required to check a box on our quarterly reports on Form 10-Q and our annual reports on Form 10-K indicating that we
are a shell company.

 Since we are required to comply with additional
disclosure because we are a shell company, we may be delayed in executing any mergers or acquiring other assets that would cause us to
cease being a shell company. In addition, under Rule 144 of the Securities Act, a holder of restricted securities of a "shell
company" is not allowed to resell their securities in reliance upon Rule 144. Preclusion from any prospective purchase using
the exemptions from registration afforded by Rule 144 may make it more difficult for us to sell equity securities in the future and
the inability to utilize registration statements on Forms S-8 and S-3 would likely increase our cost to register securities in the future.
Additionally, the loss of the use of Rule 144 and Forms S-3 and S-8 may make investments in our securities less attractive to investors
and may make the offering and sale of our securities to employees, directors and others under compensatory arrangements more expensive
and less attractive to recipients.

 Unless we select a particular industry or target
business with which to complete a business combination, you will be unable to ascertain the risks of the industry or business in which
we may ultimately operate.

 The Company may develop or acquire a majority
interest or at least a controlling interest (as defined for purposes of the Investment Company Act) in a company (or companies) with principal
business operations in an industry that we believe will provide attractive opportunities for growth. We are not limited to any particular
industry or type of business. Accordingly, there is no current basis for you to evaluate the possible risks of the particular industry
in which we may ultimately operate. Although we will evaluate the risks inherent in a particular target business, we cannot assure you
that all of the significant risks present in that target business will be properly assessed. Even if we properly assess those risks, some
of them may be outside of our control or ability to affect.

 Resources will be expended in researching potential
acquisitions that might not be consummated.

 The investigation of target businesses and the
negotiation, drafting and execution of relevant agreements, disclosure documents, and other instruments will require substantial management
time and attention in addition to costs for accountants, attorneys and others. If a decision is made not to complete a specific business
combination, the costs incurred up to that point for the proposed transaction likely would not be recoverable. Furthermore, even if an
agreement is reached relating to a specific target business, we may fail to consummate the business combination for any number of reasons
including those beyond our control.

 There can be no guarantee that we will quickly
identify a potential target business or complete a business combination.

 The process to identify potential acquisition
targets, to investigate and evaluate the future business prospects thereof and to negotiate an acceptable purchase agreement with one
or more target companies can be time consuming and costly. The Company may incur operating losses, resulting from payroll, rent and other
overhead and professional fees, while we are searching for a business to develop or acquire.

 The Company has no revenue from operations; therefore, our existing
assets may be diminished and ultimately depleted by our corporate overhead and other expenses.

 The Company has no revenue from operations and
has been experiencing significant negative cash flow. Expenditures related to corporate overhead and other related items are expensed.
Until such time as we develop or acquire an operating business or businesses that generate revenue, we will continue to deplete our existing
assets.

 Risks Related to Our Stock

 The Company has agreed to restrictions and adopted policies that
could have possible anti-takeover effects and reduce the value of our stock.

 Several provisions of our Certificate of Incorporation
and Bylaws could deter or delay unsolicited changes in control of the Company. These include limiting the stockholders' powers to
amend the Bylaws or remove directors and prohibiting the stockholders from increasing the size of the Board of Directors or acting by
written consent instead of at a stockholders' meeting. Our Board of Directors has the authority, without further action by the stockholders
to fix the rights and preferences of and issue preferred stock. These provisions and others that could be adopted in the future could
deter unsolicited takeovers or delay or prevent changes in control or management of the Company including transactions in which stockholders
might otherwise receive a premium for their shares over then current market prices. These provisions may limit the ability of stockholders
to approve transactions that they may deem to be in their best interests.

 Risks Related to Owning Our Common Stock

 A significant portion of our common stock is held
by a small group of large shareholders. Future sales of our common stock in the public market by the Company or its large stockholders
could adversely affect the trading price of our common stock.

 As of December 31, 2024, Bedford Oak Advisors,
LLC and William H. Miller beneficially owned 26.73% and 17.02% of the Company's common stock, respectively. Bedford Oak Advisors,
LLC is controlled by Mr. Harvey P. Eisen, the Company's Chairman and Chief Executive Officer. Mr. Eisen beneficially owned at such
date an aggregate of 29.55% of the Company's common stock, which percentage includes the 26.73% beneficially owned by Bedford Oak
Advisors, LLC. Sales by us or our large stockholders of a substantial number of shares of our common stock in the public market or the
perception that these sales might occur, could cause the market price of our common stock to decline.

 Our common stock is thinly traded, which can
cause volatility in its price.

 Our stock is thinly traded due to our small market
capitalization and the high level of ownership of our common stock by a small group of shareholders. Thinly traded stock can
be more susceptible to market volatility. This market volatility could significantly affect the market price of our common
stock without regard to our operating performance.

 Possible additional issuances of our stock will cause dilution.

 At December 31, 2024, we had outstanding 20,620,711
shares of our common stock. The Company is authorized to issue up to 30,000,000 shares of common stock and are therefore able to issue
additional shares without being required under corporate law to obtain shareholder approval. If we issue additional shares,
our other shareholders may find their holdings drastically diluted, which if it occurs, means they would own a smaller percentage of our
Company.

 Item 1B. Unresolved Staff
Comments.

 None.

 Item 1C. Cybersecurity

 The Company recognizes the importance of assessing,
identifying, and managing material risks associated with cybersecurity threats (as defined in Item 106(a) of Regulation S-K). These risks
include, among others, operational risks, fraud, and violation of privacy. The Company, a shell entity, does not have processes in place
since cybersecurity is not a risk to the Company due to the size of the Company, nature of its operations, and the number of transactions
during the year. As needed, and in order to keep the Company informed of new and evolving cybersecurity risks, the Company consults with
external parties such as information technology experts about risk management and strategy.

 The audit committee assists the board of directors
in fulfilling its oversight responsibilities with respect to the adequacy and effectiveness of the Company's information security
policies and practices and the internal controls regarding information security risks. The board and its committees engage with management
to discuss potential enterprise risks, including matters related to cybersecurity.

 We do not believe that
there are currently any known risks from cybersecurity threats that are reasonably likely to materially affect us or our business strategy,
results of operations or financial condition.

 Item 2. Properties.

 The Company leases office
space on a month to month basis for $4,200 per month in Mount Kisco, NY.

 Item 3. Legal Proceedings.

 Indemnification of Directors and Officers

 Section 145 of the Delaware General Corporation
Law (the "DGCL") provides, generally, that a corporation shall have the power to indemnify any person who was or is a party
or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding (except actions by or in the right
of the corporation) by reason of the fact that such person is or was a director, officer, employee or agent of the corporation against
all expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such
action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed
to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe his
or her conduct was unlawful. A corporation may similarly indemnify such person for expenses actually and reasonably incurred by such person
in connection with the defense or settlement of any action or suit by or in the right of the corporation, provided that such person
acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation, and,
in the case of claims, issues and matters as to which such person shall have been adjudged liable to the corporation, provided
that a court shall have determined, upon application, that, despite the adjudication of liability but in view of all of the circumstances
of the case, such person is fairly and reasonably entitled to indemnity for such expenses which such court shall deem proper.

 The Company's certificate of incorporation
and bylaws provide that, subject to limited exceptions and requirements, the Company is required to indemnify its directors and officers,
and each person serving at the request of the Company as a director, officer, incorporator, partner, manager or trustee of another entity,
to the fullest extent permitted by the DGCL. The Company's bylaws also provide that, subject to limited exceptions and
requirements, the Company is required to advance to such person's expenses (including attorney's fees) incurred by them in
defending and preparing for the defense of any proceeding or investigation in respect of which indemnification may be available.

 Section 102(b)(7) of the DGCL provides, generally,
that the certificate of incorporation of a corporation may contain a provision eliminating or limiting the personal liability of a director
to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, provided that such provision may
not eliminate or limit the liability of a director (i) for any breach of the director's duty of loyalty to the corporation or its
stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law,
(iii) under section 174 of Title 8 of the DGCL, or (iv) for any transaction from which the director derived an improper
personal benefit. No such provision may eliminate or limit the liability of a director for any act or omission occurring prior to the
date when such provision became effective. The Company's certificate of incorporation contains such a provision limiting
the personal liability of the Company's directors to the extent permitted by the DGCL.

 Item 4. Mine Safety Disclosures

 None.

 Item 5. Market for the Registrant's Common Equity
and Related Stockholder Matters.

 The Company's common stock, $0.01 par value,
is currently quoted on the OTC Pink Market under the symbol "iWSH". Such quotations reflect inter-dealer prices,
without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.

 The Company did not declare or pay any cash dividends
on its common stock in 2024 or 2023. The Company currently intends to retain future earnings to finance the growth and development of
its business however, the directors will also consider alternative for distributing some or all of its cash and cash equivalents to stockholders.

 Purchases of Equity Securities

 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 years ended December 31, 2024 and 2023. At December 31, 2024 and 2023, the
Company had repurchased an aggregate of 2,234,721 shares of its common stock and a total of 2,765,279 remained available for repurchase
at December 31, 2024 and 2023 pursuant to the 5,000,000 shares repurchase plan.

 Item 6. Selected Financial Data.

 Not required.

 Item 7. Management's Discussion and
Analysis of Financial Condition and Results of Operations.

 General Overview

 The Company is a "shell
company", as defined in Rule 12b-2 of the Exchange Act. Because the Company is a shell company, its stockholders are
unable to utilize Rule 144 to sell "restricted stock" as defined in Rule 144 or to otherwise use Rule 144 to sell its securities,
and the Company is ineligible to utilize registration statements on Form S-3 or Form S-8 for so long as the Company remains a shell company. As
a consequence, among other things, the offering, issuance and sale of its securities is likely to be more expensive and time consuming
and may make its securities less attractive to investors. See "Item 1A. Risk Factors".

 The Company's Board
of Directors is considering strategic uses for its funds to develop or acquire interests in one or more operating businesses. While
the Company has focused its development or acquisition efforts on sectors in which its management has expertise, the Company does not
wish to limit itself to, or to foreclose any opportunities in, any particular industry or sector. Prior to this use, the Company'
anticipate will continue to be, invested in high-grade, short-term investments (such as cash and cash equivalents, U.S. Treasury Bills,
and mutual funds) consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation, until such time
as the Company needs to utilize such funds, or any portion thereof, for the purposes described above. The directors will also consider
alternatives for distributing some or all of its cash and cash equivalents, and investments to stockholders (see Note 1 to the Consolidated
Financial Statements).

 Investments

 Investment in undeveloped properties.

 The Company owns certain non-strategic assets,
which includes an investment in land and certain flowage rights in undeveloped property (the "properties") primarily located
in Killingly, Connecticut, which were fully impaired as of December 31, 2018, due to the Company's belief that the value of the land is
nominal as there is no active market for sale of such land. The Company and its representatives continue to discuss a proposed ownership
transfer with interested parties.

 Management discussion of critical accounting
policies

 The following discussion and analysis of the financial
condition and results of operations are based on the consolidated financial statements and notes to consolidated financial statements
contained in this report that have been prepared in accordance with the rules and regulations of the SEC and include all the disclosures
normally required in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in
the United States of America. The preparation of these financial statements requires us to make estimates that affect the reported amounts
of assets, liabilities, and expenses, and related disclosures of contingent assets and liabilities. We base these estimates on historical
results and various other assumptions believed to be reasonable, all of which form the basis for making estimates concerning the carrying
values of assets and liabilities that are not readily available from other sources. Actual results may differ from these estimates.

 Certain of our accounting policies require higher
degrees of judgment than others in their application. These include accounting for income taxes and fair value measurements of investments
which are summarized below.

 Income taxes

 Deferred tax assets and
liabilities are recognized for the estimated future tax consequences attributable to carryforwards and to differences between the financial
statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are
measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.
The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment
date.

 The accounting for uncertain
tax positions guidance requires that the Company recognize the financial statement benefit of a tax position only after determining that
the Company would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold,
the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized
upon ultimate settlement with the relevant tax authority. The Company recognizes interest and penalties on income taxes, including those
related to uncertain tax positions as interest and other expenses, respectively. See Note 5 to the Consolidated Financial Statements
for further information regarding the Company's income taxes.

 Fair value measurements

 Fair
value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal
or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date.
A three-level fair value hierarchy is required to prioritize the inputs used to measure fair value. The three levels of the fair value
hierarchy are described as follows:

 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.

 Results of Operations

 Year ended December 31, 2024 compared to
the year ended December 31, 2023

 For the year ended December 31, 2024, the Company had a net loss of
$920,000 compared to a net loss of $1,006,000 for the year ended December 31, 2023.

 The decreased loss of $86,000 was primarily the
result of a decrease in Other operating expenses of $87,000, a decrease in Compensation and benefits of $6,000, and an decrease in Interest
and other income of $7,000.

 Other operating expenses

 For the year ended December 31, 2024, Other operating
expenses were $627,000 as compared to $714,000 for the year ended December 31, 2023. The decreased operating expenses of $87,000
were primarily the result of decreased fees related to the repair and maintenance of Company owned dam properties of $71,000, decreased
travel and entertainment expenses of $26,000, and decreased other expenses of $11,000, offset by increased professional fees of $21,000. The
dam properties were fully impaired as of December 31, 2018.

 Interest and other income

 For the year ended December 31, 2024, Interest and other income was
$159,000 as compared to $166,000 for the year ended December 31, 2023. The decreased interest and other income, including net realized
gains and losses on U.S. Treasury bills, of $7,000 was primarily the result of the lower yields related to the investments in U.S. Treasury
securities and mutual funds and lower balances of such investments during the year ended December 31, 2024.

 Income taxes

 For the years ended December
31, 2024 and 2023, the Company recorded no income tax expense.

 The Company recorded
a full valuation allowance against its net deferred tax assets as of December 31, 2024 and 2023. Due to a full valuation allowance on
the deferred tax assets related to net operating loss carryforwards, no tax benefit has been recorded in relation to the pre-tax loss
for the years ended December 31, 2024 and 2023.

 Financial condition, liquidity, and capital resources

 Liquidity and Capital Resources

 At December 31, 2024, the Company had cash and
cash equivalents totaling $1,440,000 which includes U.S. government debt securities of $705,000, and short-term investments in mutual
funds totaling $914,000 which it intends to use to acquire interests in one or more operating businesses and to fund the Company's
general and administrative expenses. The directors will also consider alternatives for distributing some or all of its cash and cash equivalents
and investments to stockholders. The Company believes that its working capital is sufficient to support its operating requirements through
March 31, 2026.

 The increase in cash and cash equivalents of $1,315,000 for the year
ended December 31, 2024 was primarily the result of $938,000 used in operating activities and proceeds from redemptions of investments
in U.S. Treasury Bills and mutual funds of $4,257,000, offset by the purchase of mutual funds of $2,004,000.

 Item 7A. Quantitative and Qualitative
Disclosures About Market Risk.

 Not required.

 Item 8. FINANCIAL STATEMENTS AND
SUPPLEMENTARY DATA.

 Index to the Consolidated Financial Statements

 Financial Statements of Wright Investors'
Service Holdings, Inc.

 Page

 Report of Independent Registered Public Accounting Firm – (PCAOB ID: 274)

 Consolidated Balance Sheets - December 31, 2024 and 2023

 Consolidated Statements of Operations - Years ended December 31, 2024 and 2023

 Consolidated Statements of Comprehensive Loss – Years ended December 31, 2024 and 2023

 Consolidated Statements of Changes in Stockholders' Equity – Years ended December 31, 2024 and 2023

 Consolidated Statements of Cash Flows - Years ended December
 31, 2024 and 2023

 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

 To the Board of Directors and Stockholders of

 Wright Investors' Service Holdings, Inc.

 Opinion on the Financial Statements

 We have audited the accompanying consolidated balance sheets of Wright
Investors' Service Holdings, Inc. (the "Company") as of December 31, 2024 and 2023, and the related consolidated statements
of operations, comprehensive loss, changes in stockholders' equity, and cash flows for each of the years then ended, and the related
notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in
all material respects, the consolidated financial position of the Company as of December 31, 2024 and 2023, and the consolidated results
of its operations and its cash flows for each of the years then ended, in conformity with accounting principles generally accepted in
the United States of America.

 Basis for Opinion

 These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB")
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged
to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding
of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's
internal control over financial reporting. Accordingly, we express no such opinion.

 Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 Critical Audit Matters

 Critical audit matters are matters arising from
the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and
that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging,
subjective, or complex judgments. We determined that there are no critical audit matters.

 We have served as the Company's auditor
since 2004.

 EISNERAMPER LLP

 Fort Lauderdale, Florida

 CONSOLIDATED BALANCE SHEETS

 (in thousands, except share and per share amounts)

 December 31,

 2024

 2023

 Assets

 Current assets

 Cash and cash equivalents

 $
 1,440

 $

 Investments

 3,144

 Prepaid expenses and other current assets

 Total current assets

 2,438

 3,366

 Other assets

 Total assets

 $
 2,446

 $
 3,374

 Liabilities and stockholders' equity

 Current liabilities

 Accounts payable and accrued expenses

 Total current liabilities

 Total liabilities

 Commitments and Contingencies – Note 8

 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 December 31, 2024 and 2023;
outstanding 20,620,711 as of December 31, 2024 and 2023.

 Additional paid-in capital

 34,392

 34,392

 Accumulated deficit

 ( 30,530
)

 ( 29,610
)

 Accumulated other comprehensive income

 -

 Treasury stock, at cost ( 1,007,969 shares at December 31, 2024 and 2023)

)

)

 Total stockholders' equity

 2,331

 3,291

 Total liabilities and stockholders' equity

 $
 2,446

 $
 3,374

 CONSOLIDATED STATEMENTS OF OPERATIONS

 (in thousands, except per share amounts)

 Years Ended December 31,

 2024

 2023

 Expenses

 Compensation and benefits

 $

 $

 Other operating

 Total operating expenses

 1,079

 1,172

 Loss from operations

 ( 1,079
)

 ( 1,172
)

 Interest and other income, net

 $
 ( 920
)

 $
)

 Basic and diluted weighted average common shares outstanding

 20,620,711

 20,620,711

 Basic and diluted loss per share

 $
 ( 0.04
)

 $
 ( 0.05
)

 CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

 (in thousands)

 Years Ended December 31,

 2024

 2023

 $
 ( 920
)

 $
)

 Other comprehensive (loss) income:

 Unrealized holding gain on available for sale securities

 Reclassification adjustment for gains realized in net loss

 ( 63
)

 ( 6
)

 Total other comprehensive (loss) income

 ( 40
)

 Comprehensive loss

 $
 ( 960
)

 $
 ( 998
)

 CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS'
EQUITY

 YEARS ENDED DECEMBER 31, 2024 AND 2023

 (in thousands, except per share data)

 Accumulated

 Total

 Additional

 other

 Treasury

 stock-

 Common stock (Issued)

 paid – in

 Accumulated

 comprehensive

 stock, at

 holders'

 shares

 amount

 capital

 deficit

 income

 cost

 equity

 Balance at December 31, 2022

 21,343,680

 $

 34,395

 $
 ( 28,604
)

 $

 $
)

 $
 4,289

 -

 -

 -

)

 -

 -

)

 Other comprehensive income

 -

 -

 -

 -

 -

 Stock based compensation expense to directors

 285,000

 ( 3
)

 -

 -

 -

 -

 Balance at December 31, 2023

 21,628,680

 $

 $
 34,392

 $
 ( 29,610
)

 $

 $
)

 $
 3,291

 -

 -

 -

 ( 920
)

 -

 -

 ( 920
)

 Other comprehensive loss

 -

 -

 -

 -

 ( 40
)

 -

 ( 40
)

 Balance at December 31, 2024

 21,628,680

 $

 $
 34,392

 $
 ( 30,530
)

 $
 -

 $
)

 $
 2,331

 CONSOLIDATED STATEMENTS OF CASH FLOWS

 (in thousands)

 Years Ended December 31,

 2024

 2023

 Cash flows from operating activities

 $
 ( 920
)

 $
)

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

 Realized gain on investments

 ( 63
)

 ( 6
)

 Changes in other operating items:

 Income tax receivable

 -

 Prepaid expenses and other current assets

 Accounts payable and accrued expenses

 ( 29
)

 Net cash used in operating activities

 ( 938
)

 ( 965
)

 Cash flows from investing
activities

 Proceeds from redemptions of investments

 4,257

 1,735

 Purchase of investments

 ( 2,004
)

 ( 735
)

 Net cash provided by investing activities

 2,253

 1,000

 Net increase in cash and cash equivalents

 1,315

 Cash and cash equivalents at the beginning of the year

 Cash and cash equivalents at the end of the year

 $
 1,440

 $

 Supplemental disclosures of cash flow information

 Net cash refunded during the year for income taxes

 $
 -

 $
 ( 73
)

 Unrealized (loss) gain on available for sale securities

 $
 ( 40
)

 $

 1.

 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 U.S. Treasury Bills and 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 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.
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 U.S. Treasury Bills and 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 December 31, 2024, the Company is not considered an inadvertent investment
company.

 2.

 Summary of significant accounting policies

 Principles of consolidation.

 The consolidated financial statements include
the accounts of the Company and its wholly-owned subsidiaries, all of which are inactive. All significant intercompany accounts and transactions
have been eliminated in consolidation.

 Use of estimates

 The preparation of financial statements in conformity
with accounting principles generally accepted in the United States of America ("GAAP"), requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results
could differ from these estimates.

 Cash and cash equivalents

 Cash equivalents represent short-term, highly liquid investments, which
are readily convertible to cash and have maturities of three months or less at time of purchase. Cash equivalents, which are
carried at fair value or amortized cost, as applicable, consist of holdings in U.S. Treasury Bills and a money market fund. Cash and cash
equivalents amounted to approximately $ 1,440,000 and $ 125,000 at December 31, 2024 and 2023, respectively.

 Investment Valuation

 The Company's investments
in marketable securities consist of investments in debt securities which are U.S. Treasury bills, and equity securities which are 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 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. 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 December 31, 2024 and December 31,
2023, the Company held investments in equity securities which consist of mutual funds of $ 914,000 and $ 735,000, respectively. As of December
31, 2023, the Company held investments in U.S. government debt securities of $ 2,409,000. U.S. government securities are valued using a
model that incorporates market observable data, such as reported sales of similar securities, broker quotes, yields, bids, offers, and
reference data. Certain securities are valued principally using dealer quotations. Mutual funds and money market funds are valued at the
closing price reported by the fund sponsor from an actively traded exchange. U.S. government securities are categorized in Level 2 of
the fair value hierarchy, depending on the inputs used and market activity levels for specific securities. 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 U.S. government
debt securities, which have maturities of three months or less at time of purchase, are reported as
Cash and cash equivalents, and those with longer maturities are reported as investments, on the Consolidated Balance Sheets as of December
31, 2024 and 2023.

 Short-term investments in marketable
debt securities have a stated maturity of twelve months or less from the balance sheet date. These securities are considered as available-for-sale
and are reported at fair value. For debt securities, unrealized gains and losses are recorded net of tax as a component of Accumulated
other comprehensive income within stockholders' equity. Credit losses related to available-for-sale debt securities are recorded through
an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. Realized gains and losses
are calculated based on the specific identification method and are included in Interest and other income, net, in the Consolidated
Statements of Operations.

 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 Statement of Operations.

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

 Fair Value Measurements
 as of December 31, 2024

 Total

 Quoted Prices
 in Active
 Markets for
 Identical
 Assets
 (Level 1)

 Significant
 Other
 Observable
 Inputs
 (Level 2)

 Significant
 Unobservable
 Inputs
 (Level 3)

 Investments in Mutual Funds

 $

 $

 $
 -

 -

 Fair Value Measurements
 as of December 31, 2023

 Total

 Quoted Prices
 in Active
 Markets for
 Identical
 Assets
 (Level 1)

 Significant
 Other
 Observable
 Inputs
 (Level 2)

 Significant
 Unobservable
 Inputs
 (Level 3)

 Investments in U.S. Treasury bills

 $
 2,409

 $
 -

 $
 2,409

 -

 Investments in Mutual Funds

 -

 -

 Total

 $
 3,144

 $
 2,409

 -

 Investments
in equity securities as of December 31, 2024 are summarized by type below (in thousands).

 Cost

 Gross
Unrealized

Gains

 Gross
Unrealized

Losses

 Fair
 Value

 Mutual Funds

 -

 -

 Total

 $

 $
 -

 $
 -

 $

 Investments
in debt and equity securities as of December 31, 2023 are summarized by type below (in thousands).

 Amortized
 Cost / Cost

 Gross
Unrealized
Gains

 Gross
Unrealized
Losses

 Fair
Value

 U.S. Treasury bills

 $
 2,369

 $

 $
 -

 $
 2,409

 Mutual Funds

 -

 -

 Total

 $
 3,104

 $

 $
 -

 $
 3,144

 The
Company may be exposed to credit losses through its available-for-sale investments. An available-for-sale security is impaired when
its fair value declines below its amortized cost basis. Unrealized losses resulting from the amortized cost basis of any available-for-sale
debt security exceeding its fair value are evaluated for identification of credit losses. When evaluating the investments for impairment
at each reporting period, the Company reviews factors such as the extent of the unrealized loss, historical losses, current and future
economic market conditions, and financial condition of the issuer. As of December 31, 2024, the Company has not recognized an allowance
for expected credit losses related to its available-for-sale securities as the Company has not identified any unrealized losses for these
investments attributable to credit factors.

 Investment in undeveloped land

 The Company owns certain non-strategic assets,
including an investment in land and certain flowage rights in undeveloped property (the "properties") primarily located Killingly,
Connecticut. The properties were fully impaired as of December 31, 2018.

 Per share data

 Loss per share for the year ended December
31, 2024 and 2023, respectively, is calculated based on 20,620,711 weighted average outstanding shares of common stock.

 Income taxes

 Deferred tax assets and liabilities are recognized
for the estimated future tax consequences attributable to carryforwards and to differences between the financial statement carrying amounts
of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax
rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax
assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 The accounting for uncertain tax positions guidance
requires that the Company recognize the financial statement benefit of a tax position only after determining that the Company would more
likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized
in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement
with the relevant tax authority. The Company recognizes interest and penalties on income taxes, including those related to uncertain tax
positions as interest and other expenses, respectively. The Company had no income tax uncertainties at December 31, 2024 and 2023.

 Concentrations of credit risk

 Financial instruments that potentially subject the Company to significant
concentrations of credit risk consist principally of cash and investments. Investments in cash and money market funds are insured up to
$ 250,000 per depositor, per insured bank. Investments in U.S. Treasury Bills and mutual funds are insured up to $ 500,000. For the years
ended December 31, 2024 and 2023, a substantial portion of the Company's investments in cash, and U.S. Treasury Bills and mutual
funds are in excess of these limits.

 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 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 consolidated net loss which is reported on the Consolidated Statements of Operations. Additionally, the measure of segment assets
is reported on the 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 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 Consolidated Statements of Operations.

 3.

 New accounting standard

 In November 2023, the Financial Accounting Standards
Board ("FASB") issued guidance that expands segment disclosures for public entities, including requiring disclosure of significant
segment expenses that are regularly provided to the chief operating decision maker ("CODM"), the title and position of the
CODM and an explanation of how the CODM uses reported measures of segment profit or loss in assessing segment performance and allocating
resources. The new guidance also expands disclosures about a reportable segment's profit or loss and assets in interim periods and
clarifies that a public entity may report additional measures of segment profit if the CODM uses more than one measure of a segment's
profit or loss. The Company adopted the standard on effective for its annual report for the year ended December 31, 2024 with no impact
on its consolidated financial statements.

 In December 2023, the FASB issued ASU 2023-09, Improvements to Income
Tax Disclosures, which requires disaggregated information about our effective tax rate reconciliation as well as information on income
taxes paid. The guidance will first be effective in our annual disclosures for the year ending December 31, 2025, and should be applied
on a prospective basis with the option to apply retrospectively. Early adoption is permitted. The Company is in the process of assessing
the impact of ASU 2023-09 on our disclosures.

 4.

 Accounts payable and accrued expenses

 Accounts payable and accrued expenses consist
of the following (in thousands):

 Year Ended December 31,

 2024

 2023

 Accrued professional fees

 $

 $

 Other

 Total

 $

 $

 5.

 Income taxes

 For the years ended December 31, 2024 and 2023,
the Company recorded no income tax expense.

 The difference between the benefit for income
taxes computed at the statutory rate and the reported amount of tax benefit from operations is as follows:

 Year ended December 31,

 2024

 2023

 Federal income tax rate

 ( 21.0
)%

 ( 21.0
)%

 State income tax (net of federal effect)

 ( 4.8
)

 7.1

 Change in valuation allowance

 24.4

 ( 36.2
)

 Deferred tax adjustment

 -

 50.0

 Non-deductible expenses / (non-taxable income)

 1.4

 0.1

 Effective tax rate

 -

 %

 -

 %

 The deferred tax assets and liabilities are summarized as follows (in
thousands):

 Year ended December 31,

 2024

 2023

 Deferred tax assets:

 Net operating loss carryforwards

 $
 5,530

 $
 5,301

 Unrealized loss on investments

 Other

 Gross deferred tax assets

 5,626

 5,391

 Less: valuation allowance

 ( 5,626
)

 ( 5,391
)

 Deferred tax assets after valuation allowance

 -

 -

 Net deferred tax assets

 $
 -

 -

 A valuation allowance is provided when it is more likely than not that
some portion of deferred tax assets will not be realized. The valuation allowance increased by approximately $ 235,000 and had decreased
by approximately $ 366,000 during the years ended December 31, 2024 and 2023, respectively. The increase in the valuation allowance
during the year ended December 31, 2024 was mainly due to increases in the net operating loss carryforward. The decrease in the valuation
allowance during the year ended December 31, 2023 was mainly attributable to decreases in the gross deferred tax asset related to the
expiration of a capital loss carryforward, net of increases in the net operating loss carryforward.

 The Company files a consolidated
federal tax return with its subsidiaries. As of December 31, 2024, the Company has a federal net operating loss carryforward of approximately
$ 24,334,000, of which $ 15,177,000 expires from 2031 through 2037, and $ 9,157,000 does not expire. The Company
also has various state and local net operating loss carryforwards totaling approximately $ 8,179,000, which expire between 2025 and 2045.
The Company's capital loss carryforward of approximately $ 2,371,000 expired during 2023.

 6.

 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 year ended December 31, 2024 and December 31, 2023. At December
31, 2024 and 2023, the Company had repurchased an aggregate of 2,234,721 shares of its common stock and a total of 2,765,279 remained
available for repurchase at December 31, 2024 and 2023.

 On March 9, 2023, there were 285,000 shares
of Company common stock issued to the independent directors of the Company, for payment of quarterly directors' fees due to them
for services in 2022, which were classified as issuable at December 31, 2022. The equity compensation awards were issued pursuant
to the exemption from the registration requirements of Section 5 of the Securities Act of 1933 ("1933 Act") provided by Section
4(a)(2) of the 1933 Act.

 In March 2023, the Company
amended its Directors' Compensation Program for Directors who are not employees of the Company to provide that effective January
1, 2023 and as long as the Company remains a shell company (i) the issuance of any annual stock compensation for Directors serving as
a member of the Board or a committee of the Board shall be terminated, and (ii) the payment of any cash compensation for attendance in
person or by telephone of meetings of the Board or committees of the Board shall be terminated.

 7.

 Incentive stock plans and stock-based compensation

 Common stock options

 The Company adopted a stock-based compensation
plan for employees and non-employee members of its Board of Directors in November 2003 (the "2003 Plan"), and the National
Patent Development Corporation 2007 Incentive Stock Plan in December 2007 (the "2007 NPDC Plan"). The periods during
which additional awards may be granted under the plans have expired and no further awards may be granted under any of these plans after
December 20, 2017. As a consequence, any equity compensation awards issued after that time will be on terms determined by the Board of
Directors or the Compensation Committee of the Board of Directors and pursuant to exemptions from the registration requirements of the
securities laws.

 As of December 31, 2024 and 2023, all options
were vested and there were no outstanding options under the 2007 NPDC Plan. There were no grants, forfeitures or exercises of options
during the years ended December 31,2024 and 2023.

 8.

 Commitments, Contingencies, and Other

 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
31, 2018.

 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.

 Item 9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure.

 None.

 Item 9A. Controls and Procedures.

 (a) Evaluation of Disclosure Controls and Procedures

 We carried out an evaluation, under the supervision
and with the participation of our management including our Chief Executive Officer and our Acting Chief Financial Officer, of the effectiveness
of the design and operation of our disclosure controls and procedures pursuant to Rule 13a-15(e) of the Securities Exchange Act of 1934,
as amended. Based on that evaluation, our Chief Executive Officer and Acting Chief Financial Officer concluded that our disclosure
controls and procedures as of December 31, 2024 were effective.

 (b) Management's Annual Report on Internal
Control over Financial Reporting

 Our management is responsible for establishing
and maintaining adequate internal control over financial reporting as defined in Exchange Act Rule 13a-15(f). Our internal control
processes and procedures are designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation
of our consolidated financial statements in accordance with United States generally accepted accounting principles. Our internal
control over financial reporting includes those policies and procedures that reasonably allow us to record, process, summarize, and report
information and financial data within prescribed time periods and in accordance with Rule 13a-15(e) of the Securities Exchange Act of
1934, as amended.

 Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.

 Under the supervision and with the participation
of management, including our Chief Executive Officer and Acting Chief Financial Officer, the Company conducted an evaluation of internal
control over financial reporting as of December 31, 2024 based on the criteria set forth by the Committee of Sponsoring Organizations
of the Treadway Commission in Internal Control – Integrated Framework (2013) ("COSO Framework").
Based upon our evaluation, the Company concluded that our internal control over financial reporting was effective as of December 31,
2024.

 (c) Attestation Report of the Registered Public Accounting Firm

 This annual report does not include an attestation
report of the Company's registered public accounting firm regarding internal control over financial reporting. Management's
report was not subject to attestation by the Company's registered public accounting firm pursuant to rules of the SEC that permit the
Company to provide only management's report in this annual report.

 (d) Changes in Internal Control over Financial Reporting

 The Company's Chief Executive Officer and
Acting Chief Financial Officer have also concluded that there have not been any changes in the Company's internal control over financial
reporting during the quarter ended December 31, 2024 that have materially affected or are reasonably likely to materially effect, the
Company's internal control over financial reporting.

 Item 9B. Other
Information

 None

 Item 10. Directors, Executive Officers
and Corporate Governance.

 The information required by this item is incorporated
by reference to the Company's definitive proxy statement to be filed pursuant to Regulation 14A within 120 days after the Company's
fiscal year end of December 31, 2024 for its annual stockholders' meeting for 2024 (the "Proxy Statement") under the
captions "Directors and Executive Officers", "Corporate Governance", "Compliance with Section 16(a) of the
Exchange Act", "Code of Ethics" and "Audit Committee."

 Item 11. Executive Compensation.

 The information required by this item is incorporated
by reference to the Company's Proxy Statement for its 2024 Annual Meeting of Stockholders under the caption "Executive Compensation."

 Item 12. Security Ownership of Certain
Beneficial Owners and Management and Related Stockholder Matters.

 Additional information required by this item is
incorporated by reference to the Company's Proxy Statement for its 2024 Annual Meeting of Stockholders under the caption "Stock
Ownership of Management and Principal Stockholders".

 Item 13. Certain Relationships and
Related Transactions, and Director Independence.

 This information required by this item is incorporated
by reference to the Company's Proxy Statement for its 2024 Annual Meeting of Stockholders under the captions "Certain Transactions
with Management" and "Director Independence".

 Item 14. Principal Accounting Fees
and Services.

 The information regarding principal accountant
fees and services and the Company's pre-approval policies and procedures for audit and non-audit services provided by the Company's
independent accountants is incorporated by reference to the Company's Proxy Statement for its 2024 Annual Meeting of Stockholders
under the caption "Principal Accountant Fees and Services."

 Item 15. Exhibits and Financial Statement Schedules

 (a)(1)

 The following financial statements are included in Part II, Item 8. Financial Statements and Supplementary Data:

 Page

 Financial Statements of Wright Investors' Service Holdings, Inc.:

 Consolidated Balance Sheets - December 31, 2024 and 2023

 Consolidated Statements of Operations - Years ended December 31,
 2024 and 2023

 Consolidated Statements of Comprehensive Loss - Years ended December 31,
 2024 and 2023

 Consolidated Statements of Changes in Stockholders' Equity – Years
 ended December 31, 2024 and 2023

 Consolidated Statements of Cash Flows - Years ended December 31,
 2024 and 2023

 (a)(2)

 Schedules have been omitted because they are not required or are not applicable, or the required information has been included in the financial statements or the notes thereto.

 (a)(3)

 See accompanying Index to Exhibits.

 EXHIBITS

 3(i)

 Articles of Incorporation. Incorporated herein by reference to Exhibit 3.1 of the Registrant's Form S-1, Registration No. 333-118568.

 3(ii)

 Bylaws.
 Incorporated herein by reference to Exhibit 3.2 of the Registrant's Form S-1, Registration No. 333-118568.

 4.1

 Form of certificate representing shares of common stock, par value $0.01 per share. Incorporated herein by reference to Exhibit 4.1 of the Registrant's Form S-1, Registration No. 333-118568.

 Code of Business Conduct and Ethics for Chief Executive Officer and Senior Financial Officers of the Registrant and its subsidiaries. Incorporated herein by reference to Exhibit 14.1 to the Registrant's Form 10-K for the year ended December 31, 2004 filed on April 15, 2005

 Subsidiaries of the Registrant*

 31.1

 *

 Certification of the principal executive officer of the Registrant, pursuant to Securities Exchange Act Rule 13a-14(a)

 31.2

 *

 Certification of the principal financial officer of the Registrant, pursuant to Securities Exchange Act Rule 13a-14(a)

 *

 Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of The Sarbanes-Oxley Act of 2002, signed by the principal executive officer and the principal financial officer of the Company

 101.INS

 101.SCH

 document

 101.CAL

 101.DEF

 Document

 101.LAB

 101.PRE

 Linkbase Document

 _________________________________

 *Filed within

 Item 16. Form 10-K Summary

 None.

 SIGNATURES

 Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

 WRIGHT INVESTORS' SERVICE HOLDINGS, INC

 Date: March 27, 2025

 By:

 /s/ HARVEY P. EISEN

 Name:

 Harvey P. Eisen

 Title:

 Chairman, President and Chief Executive Officer

 (Principal Executive Officer)

 Pursuant to the requirements
of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in
the capacities and on the dates indicated.

 Signature

 Capacity

 Date

 /s/ HARVEY P. EISEN

 Chairman, President and Chief Executive Officer

 Harvey P. Eisen

 (Principal Executive Officer)

 /s/ HAROLD KAHN

 Acting Chief Financial Officer and Acting Principal

Accounting Officer

 Harold Kahn

 (Principal Financial Officer)

 /s/ LAWRENCE G. SCHAFRAN

 Director

 Lawrence G. Schafran

 /s/ DORT CAMERON III

 Director

 Dort Cameron III

 0001279715 false FY true

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