Delisting of Securities of GWG Holdings, Inc. from The Nasdaq Stock Market

Rhea-AI Summary

The Nasdaq Stock Market announced the imminent delisting of GWG Holdings common stock following its suspension on April 29, 2022. The delisting is set to become effective ten days after filing Form 25 with the U.S. Securities and Exchange Commission. Investors are advised to check public filings for further details and any trading updates on other platforms. This decision underscores significant challenges facing GWG Holdings, impacting its stock stability.

Positive

• None.

Negative

• Delisting of GWG Holdings common stock indicates financial instability and lack of trading activity since suspension.
• The process is triggered by inability to meet Nasdaq's listing requirements.

NEW YORK, May 17, 2022 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of GWG Holdings, Inc. GWG Holdings, Inc.’s common stock was suspended on April 29, 2022, and has not traded on Nasdaq since that time.

Nasdaq will file a Form 25 with the U.S. 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 company, including the basis for the delisting and whether the company's securities are trading on another venue, please review the company's 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

What is the reason for the GWG Holdings delisting from Nasdaq?

The delisting is due to GWG Holdings' common stock suspension since April 29, 2022, failing to meet Nasdaq listing requirements.

When will GWG Holdings be officially delisted from Nasdaq?

GWG Holdings will be officially delisted ten days after the filing of Form 25 with the U.S. Securities and Exchange Commission.

What should investors do about GWG Holdings after the delisting announcement?

Investors should review the company's public filings for further details and consider other trading venues for their securities.

What is Form 25 in relation to GWG Holdings' delisting?

Form 25 is the document filed with the SEC to officially start the delisting process for GWG Holdings from Nasdaq.

Is GWG Holdings trading on any other platforms after Nasdaq suspension?

The press release advises checking GWG Holdings' public filings for updates on whether its securities are trading elsewhere.