Delisting of Securities of Centric Brands Inc.; Akorn, Inc.; and Scienjoy Holding Corporation from The Nasdaq Stock Market

Rhea-AI Summary

Nasdaq has announced the delisting of common stocks for Centric Brands Inc. and Akorn, Inc. due to suspension of trading. Centric Brands was suspended on May 28, 2020, while Akorn's trading was suspended on June 1, 2020. Additionally, the warrants of Scienjoy Holding Corporation expiring on February 4, 2025 are also being delisted, having been suspended on June 2, 2020. A Form 25 will be filed with the Securities and Exchange Commission to finalize the delisting process, effective ten days post-filing.

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• Delisting of common stock for Centric Brands Inc., effective from June 1, 2020.
• Delisting of common stock for Akorn, Inc., effective from June 1, 2020.
• Delisting of warrants for Scienjoy Holding Corporation expiring February 4, 2025, effective from June 2, 2020.

NEW YORK, June 08, 2020 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Centric Brands Inc.  Centric Brands Inc.’s common stock was suspended on May 28, 2020 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Akorn, Inc.  Akorn, Inc.’s common stock was suspended on June 1, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the warrants expiring 2/4/2025 of Scienjoy Holding Corporation.   Scienjoy Holding Corporation’s warrants expiring 2/4/2025 were suspended on June 2, 2020 and have not traded on Nasdaq since that time.

Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes 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: http://www.cchwallstreet.com/NasdaqTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/.

-NDAQO-

FAQ

What does the delisting of Centric Brands Inc. mean for investors on NDAQ?

The delisting means that Centric Brands Inc.'s stock will no longer be traded on the Nasdaq Stock Market, potentially leading to significant losses for investors.

When was Akorn, Inc. suspended from trading on NDAQ?

Akorn, Inc. was suspended from trading on June 1, 2020.

What happened to the warrants of Scienjoy Holding Corporation?

The warrants expiring on February 4, 2025, for Scienjoy Holding Corporation were suspended on June 2, 2020, and are being delisted.

How long does it take for a delisting to become effective on NDAQ?

The delisting becomes effective ten days after Nasdaq files a Form 25 with the Securities and Exchange Commission.

What should I do if my stock is delisted from NDAQ?

Investors should review the company's public filings or contact the company directly to understand the implications and options available.