Delisting of Securities of KemPharm, Inc.; Endologix, Inc.; VIVUS, Inc.; SAExploration Holdings, Inc.; Ascena Retail Group, Inc.; and Global Eagle Entertainment Inc. from The Nasdaq Stock Market

Rhea-AI Summary

The Nasdaq Stock Market has announced the delisting of several companies due to their suspension from trading. KemPharm, Endologix, VIVUS, SAExploration Holdings, Ascena Retail Group, and Global Eagle Entertainment have all been suspended from trading since May to August 2020. A Form 25 will be filed with the SEC to finalize these delistings, which will take effect ten days after filing. For further details about the companies' situations, stakeholders are advised to consult public filings or contact the companies directly.

Positive

• None.

Negative

• Delisting of common stock for multiple companies signifies ongoing financial difficulties.
• KemPharm, Endologix, VIVUS, SAExploration Holdings, Ascena Retail Group, and Global Eagle Entertainment have not traded since their respective suspension dates.

NEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of KemPharm, Inc.   KemPharm, Inc.’s common stock was suspended on May 21, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Endologix, Inc.  Endologix, Inc.’s common stock was suspended on July 16, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of VIVUS, Inc.  VIVUS, Inc.’s common stock was suspended on July 17, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of SAExploration Holdings, Inc.  SAExploration Holdings, Inc.’s common stock was suspended on June 17, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Ascena Retail Group, Inc.  Ascena Retail Group, Inc.’s common stock was suspended on August 4, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Global Eagle Entertainment Inc.  Global Eagle Entertainment Inc.’s common stock was suspended on August 4, 2020 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: http://www.cchwallstreet.com/NasdaqTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/.

-NDAQO-

FAQ

What companies are being delisted from Nasdaq as of August 10, 2020?

KemPharm, Endologix, VIVUS, SAExploration Holdings, Ascena Retail Group, and Global Eagle Entertainment are being delisted.

When will the delistings from Nasdaq become effective?

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

Why were these companies delisted from Nasdaq?

These companies were delisted due to their suspension from trading, indicating financial difficulties.

What are the suspension dates for the companies being delisted?

KemPharm (May 21, 2020), Endologix (July 16, 2020), VIVUS (July 17, 2020), SAExploration (June 17, 2020), Ascena Retail (August 4, 2020), and Global Eagle (August 4, 2020).

Where can I find more information about the delistings from Nasdaq?

For more information, visit the Nasdaq website or review the companies' public filings.