On January 23, 2020, Verso Corporation announced that an independent proxy advisory firm Glass, Lewis & Co. joins Institutional Shareholder Services (ISS) in recommending that stockholders vote for the Company's pending sale of its Androscoggin and Stevens Point mills to Pixelle Specialty Solutions LLC at the Company's stockholder meeting scheduled to be held on January 31, 2020. The Company urged all stockholders to use the Company’s proxy card to vote for the Pixelle transaction in accordance with the Glass Lewis and ISS recommendations. The Company also advised all the stockholders to discard any proxy card or other proxy materials received from Lapetus Capital III LLC.