Delisting of Securities of Patria Latin American Opportunity Acquisition Corp.; Trevena, Inc.; Seelos Therapeutics, Inc.; DP Cap Acquisition Corp I; Chain Bridge I; Qomolangma Acquisition Corp.; Gaucho Group Holdings, Inc.; Mountain Crest Acquisition Corp. V; and bleuacacia ltd from The Nasdaq Stock Market

Rhea-AI Summary

Nasdaq (NDAQ) has announced the delisting of multiple companies' securities from its exchange. The affected companies include:

• Patria Latin American Opportunity Acquisition Corp. (Class A Ordinary Shares, unit, and warrant)
• Trevena, Inc. (common stock)
• Seelos Therapeutics, Inc. (common stock)
• DP Cap Acquisition Corp I (Class A Ordinary Shares, units, and warrants)
• Chain Bridge I (Class A Ordinary Shares and units)
• Qomolangma Acquisition Corp. (common stock, unit, warrant, and right)
• Gaucho Group Holdings, Inc. (common stock)
• Mountain Crest Acquisition Corp V (common stock, right, unit)
• bleuacacia (Class A ordinary shares, unit, warrant, right)

All these securities have been suspended from trading on various dates between October and November 2024, with none trading on Nasdaq since their respective suspension dates.

Positive

• Nasdaq's enforcement of listing standards helps maintain market integrity
• Removal of non-compliant companies strengthens the overall quality of the exchange

Negative

• Mass delisting of 9 companies indicates potential market quality concerns
• Multiple SPACs being delisted suggests challenges in the SPAC market segment
• Suspension of trading for extended periods indicates serious compliance or financial issues with these companies

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the Class A Ordinary Shares, unit, and warrant of Patria Latin American Opportunity Acquisition Corp. Patria Latin American Opportunity Acquisition Corp.’s Class A ordinary shares were suspended on March 19, 2025. On November 18, 2024, Patria Latin American Opportunity Acquisition Corp.’s warrant and unit were suspended. None of these securities have traded on Nasdaq since the respective suspension dates.

Nasdaq also announced today that it will delist the common stock of Trevena, Inc. Trevena, Inc.’s stock was suspended on October 8, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Seelos Therapeutics, Inc. Seelos Therapeutics, Inc.’s stock was suspended on October 16, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares, units, and warrants of DP Cap Acquisition Corp I. DP Cap Acquisition Corp I’s securities were suspended on November 19, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares and units of Chain Bridge I. Chain Bridge I’s securities were suspended on November 19, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock, unit, warrant, and right of Qomolangma Acquisition Corp. Qomolangma Acquisition Corp.’s securities were suspended on November 22, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Gaucho Group Holdings, Inc. Gaucho Group Holdings, Inc.’s stock was suspended on November 22, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock, right, unit of Mountain Crest Acquisition Corp V. Mountain Crest Acquisition Corp. V’s securities were suspended on November 21, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, unit, warrant, right of bleuacacia ltd. bleuacacia ltd’s securities were suspended on November 25, 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 in March 2025?

Nine companies are being delisted from Nasdaq, including various types of securities such as common stocks, units, warrants, and rights.

When was the earliest suspension date among the delisted companies?

Trevena, Inc.'s stock was suspended on October 8, 2024, making it the earliest suspension among the delisted companies.

What types of securities are being delisted from these companies?

The delisted securities include Class A Ordinary Shares, common stocks, units, warrants, and rights, varying by company.

How long have these securities been suspended before the delisting announcement?

The securities have been suspended for several months, with suspension dates ranging from October 2024 to March 2025, and none have traded since their respective suspension dates.