Delisting of Securities of Abraxas Petroleum Corporation and Sequential Brands Group, Inc. from The Nasdaq Stock Market

Rhea-AI Summary

The Nasdaq Stock Market announced the delisting of two companies: Abraxas Petroleum Corporation and Sequential Brands Group, Inc. Abraxas was suspended from trading on August 4, 2021, while Sequential was suspended on September 9, 2021. Nasdaq will file a Form 25 with the SEC to finalize these delistings, which will take effect ten days post-filing. Investors can find more details regarding the delistings in the companies' public filings or by contacting the companies directly.

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• Delisting of Abraxas Petroleum Corporation's common stock due to trading suspension since August 4, 2021.
• Delisting of Sequential Brands Group, Inc.'s common stock after suspension on September 9, 2021.

NEW YORK, Sept. 16, 2021 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Abraxas Petroleum Corporation. Abraxas Petroleum Corporation’s common stock was suspended on August 4, 2021 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Sequential Brands Group, Inc. Sequential Brands Group, Inc.’s common stock was suspended on September 9, 2021 and has not traded on Nasdaq since that time.

Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delisting and whether the companies’ securities are trading on another venue, please review the companies’ public filings or contact the company directly.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

-NDAQO-

FAQ

Why was Abraxas Petroleum Corporation delisted from Nasdaq?

Abraxas Petroleum Corporation was delisted due to its common stock being suspended from trading since August 4, 2021.

What are the implications of the delisting for Sequential Brands Group, Inc.?

The delisting indicates that Sequential Brands Group, Inc.'s common stock has been suspended from trading since September 9, 2021, which can affect investor confidence and liquidity.

What is the process for Nasdaq to delist a stock?

Nasdaq will file a Form 25 with the SEC to complete the delisting process, which becomes effective ten days after the filing.

When does the delisting of these stocks become effective?

The delistings will become effective ten days after Nasdaq files the Form 25.