Delisting of Securities of Gamer Pakistan Inc.; Biotricity, Inc.; Zalatoris II Acquisition Corp.; Warrantee Inc.; Spectaire Holdings, Inc.; Centogene N.V.; DZS Inc.; Corner Growth Acquisition Corp. 2; Collective Audience, Inc.; Grom Social Enterprises Inc.; Fintech Ecosystem Development Corp.; Edgio, Inc.; Kineta, Inc.; BurgerFi International Inc.; A SPAC II Acquisition Corp.; and African Agriculture Holdings Inc. from The Nasdaq Stock Market
The Nasdaq Stock Market (NDAQ) has announced the delisting of securities from 16 companies, including Gamer Pakistan, Biotricity, Zalatoris II Acquisition, Warrantee, Spectaire Holdings, Centogene, DZS, Corner Growth Acquisition Corp. 2, Collective Audience, Grom Social Enterprises, Fintech Ecosystem Development, Edgio, Kineta, BurgerFi International, A SPAC II Acquisition, and African Agriculture Holdings. The delistings affect various types of securities such as common stocks, warrants, units, and American Depositary Shares.
All affected securities were suspended from trading on Nasdaq between August 5 and September 26, 2024, and have not traded since their respective suspension dates. For more information, Nasdaq directs interested parties to their website and the Nasdaq Rule 5800 Series governing the delisting of securities.
Il Nasdaq Stock Market (NDAQ) ha annunciato la cancellazione delle azioni di 16 aziende, tra cui Gamer Pakistan, Biotricity, Zalatoris II Acquisition, Warrantee, Spectaire Holdings, Centogene, DZS, Corner Growth Acquisition Corp. 2, Collective Audience, Grom Social Enterprises, Fintech Ecosystem Development, Edgio, Kineta, BurgerFi International, A SPAC II Acquisition, e African Agriculture Holdings. Le cancellazioni riguardano vari tipi di titoli come azioni ordinarie, warrant, unità e American Depositary Shares.
Tutti i titoli interessati sono stati sospesi dalla negoziazione su Nasdaq tra il 5 agosto e il 26 settembre 2024, e non sono stati scambiati dalla data di sospensione rispettiva. Per ulteriori informazioni, Nasdaq indirizza le parti interessate al proprio sito web e alla Nasdaq Rule 5800 Series che regola la cancellazione dei titoli.
El Nasdaq Stock Market (NDAQ) ha anunciado la eliminación de valores de 16 empresas, incluyendo Gamer Pakistan, Biotricity, Zalatoris II Acquisition, Warrantee, Spectaire Holdings, Centogene, DZS, Corner Growth Acquisition Corp. 2, Collective Audience, Grom Social Enterprises, Fintech Ecosystem Development, Edgio, Kineta, BurgerFi International, A SPAC II Acquisition y African Agriculture Holdings. Las eliminaciones afectan a varios tipos de valores como acciones ordinarias, garantías, unidades y American Depositary Shares.
Todos los valores afectados fueron suspendidos de la negociación en Nasdaq entre el 5 de agosto y el 26 de septiembre de 2024, y no han negociado desde sus respectivas fechas de suspensión. Para más información, Nasdaq dirige a las partes interesadas a su sitio web y a la Nasdaq Rule 5800 Series que regula la eliminación de valores.
나스닥 증권거래소(NDAQ)는 Gamer Pakistan, Biotricity, Zalatoris II Acquisition, Warrantee, Spectaire Holdings, Centogene, DZS, Corner Growth Acquisition Corp. 2, Collective Audience, Grom Social Enterprises, Fintech Ecosystem Development, Edgio, Kineta, BurgerFi International, A SPAC II Acquisition, 및 African Agriculture Holdings를 포함한 16개 회사의 상장 폐지를 발표했습니다. 상장 폐지는 보통주, 워런트, 유닛 및 미국 예탁주식과 같은 다양한 유형의 증권에 영향을 미칩니다.
모든 영향을 받은 증권은 2024년 8월 5일부터 9월 26일 사이에 나스닥에서 거래가 중단되었습니다, 그리고 각각의 중단 날짜 이후로 거래되지 않았습니다. 자세한 정보는 나스닥이 이해관계자들을 자신의 웹사이트와 증권의 상장 폐지를 규정하는 나스닥 규칙 5800 시리즈로 안내합니다.
Le marché boursier Nasdaq (NDAQ) a annoncé le déliste des valeurs mobilières de 16 entreprises, y compris Gamer Pakistan, Biotricity, Zalatoris II Acquisition, Warrantee, Spectaire Holdings, Centogene, DZS, Corner Growth Acquisition Corp. 2, Collective Audience, Grom Social Enterprises, Fintech Ecosystem Development, Edgio, Kineta, BurgerFi International, A SPAC II Acquisition et African Agriculture Holdings. Les delistings concernent différents types de valeurs mobilières comme actions ordinaires, bons de souscription, unités et American Depositary Shares.
Toutes les valeurs mobilières concernées ont été suspendues de la négociation sur le Nasdaq entre le 5 août et le 26 septembre 2024, et n'ont pas été négociées depuis leurs dates de suspension respectives. Pour plus d'informations, le Nasdaq dirige les parties intéressées vers son site Web et la règle 5800 de Nasdaq régissant le délistage des valeurs mobilières.
Die Nasdaq-Börse (NDAQ) hat die Delistung von Wertpapieren von 16 Unternehmen angekündigt, darunter Gamer Pakistan, Biotricity, Zalatoris II Acquisition, Warrantee, Spectaire Holdings, Centogene, DZS, Corner Growth Acquisition Corp. 2, Collective Audience, Grom Social Enterprises, Fintech Ecosystem Development, Edgio, Kineta, BurgerFi International, A SPAC II Acquisition und African Agriculture Holdings. Die Delistungen betreffen verschiedene Arten von Wertpapieren wie Stammaktien, Warrants, Einheiten und American Depositary Shares.
Alle betroffenen Wertpapiere wurden zwischen dem 5. August und dem 26. September 2024 auf Nasdaq vom Handel ausgesetzt und sind seit ihren jeweiligen Aussetzungsterminen nicht gehandelt worden. Für weitere Informationen verweist Nasdaq interessierte Parteien auf ihre Webseite und die Nasdaq-Regel 5800-Serie, die die Delistung von Wertpapieren regelt.
- None.
- None.
Insights
This mass delisting event is a significant development in the stock market landscape. The removal of 16 companies from the Nasdaq exchange highlights potential systemic issues within certain sectors, particularly SPACs and emerging technology firms.
The delisting process typically occurs when companies fail to meet Nasdaq's continued listing requirements, which may include factors such as minimum bid price, market value, or financial reporting standards. This large-scale action suggests a potential market correction or increased regulatory scrutiny.
For investors, this event underscores the importance of due diligence and risk assessment, especially when dealing with smaller or newer public companies. It also serves as a reminder of the volatility and risks associated with certain market segments, such as SPACs and early-stage tech companies.
The impact on Nasdaq (NDAQ) itself is likely to be minimal, as these delistings represent a small fraction of its total listings. However, it does reflect on the exchange's ongoing efforts to maintain market integrity and investor confidence.
This mass delisting event provides valuable insights into current market trends and investor sentiment. The affected companies span various sectors, including gaming, biotech, fintech and SPACs, indicating broad-based challenges rather than industry-specific issues.
The high number of SPACs being delisted is particularly noteworthy, suggesting a potential cooling of the SPAC boom we've seen in recent years. This could signal a shift in investor appetite towards more established companies with proven track records.
For the broader market, this event may lead to increased scrutiny of smaller cap stocks and could potentially trigger a flight to quality among investors. It also highlights the importance of robust corporate governance and financial stability in maintaining a public listing.
Long-term, this "housecleaning" by Nasdaq could actually strengthen the overall quality of its listings, potentially benefiting both the exchange and investors by reducing the number of high-risk, speculative stocks.
NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Gamer Pakistan Inc. Gamer Pakistan Inc.’s securities were suspended on August 5, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Biotricity, Inc. Biotricity, Inc.’s securities were suspended on August 5, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the ordinary shares, warrants, and units of Zalatoris II Acquisition Corp. Zalatoris II Acquisition Corp.’s securities were suspended on August 7, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the American Depositary Shares of Warrantee Inc. Warrantee Inc.’s securities were suspended on August 7, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock and warrants of Spectaire Holdings, Inc. Spectaire Holdings, Inc.’s securities were suspended on August 7, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Centogene N.V. Centogene N.V.’s securities were suspended on August 8, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of DZS Inc. DZS Inc.’s securities were suspended on August 8, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the ordinary shares, units, and warrants of Corner Growth Acquisition Corp. 2. Corner Growth Acquisition Corp. 2’s securities were suspended on August 14, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Collective Audience, Inc. Collective Audience, Inc.’s securities were suspended on August 16, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock and warrants of Grom Social Enterprises Inc. Grom Social Enterprises Inc.’s securities were suspended on August 19, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the Class A Common Stock, rights, warrants, and units of Fintech Ecosystem Development Corp. Fintech Ecosystem Development Corp.’s securities were suspended on August 20, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Edgio, Inc. Edgio, Inc.’s securities were suspended on September 18, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Kineta, Inc. Kineta, Inc.’s securities were suspended on September 19, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock and warrants of BurgerFi International Inc. BurgerFi International Inc.’s securities were suspended on September 23, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the Ordinary Shares, Class A Common Stock; warrants, units, and rights of A SPAC II Acquisition Corp. A SPAC II Acquisition Corp.’s securities were suspended on September 24, 2024, and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock and warrants of African Agriculture Holdings Inc. African Agriculture Holdings Inc.’s securities were suspended on September 26, 2024, and have not traded on Nasdaq since that time.
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.
FAQ
How many companies are being delisted from Nasdaq as of October 10, 2024?
What types of securities are being delisted from Nasdaq?
When were the securities of the delisted companies suspended from trading on Nasdaq?
Where can investors find more information about Nasdaq's delisting rules?
