Delisting of Securities of PhaseBio Pharmaceuticals, Inc.; Zovio Inc.; Fast Radius, Inc.; and Kismet Acquisition Three Corp. from The Nasdaq Stock Market

Rhea-AI Summary

The Nasdaq Stock Market has announced the delisting of several companies due to trading suspensions. PhaseBio Pharmaceuticals, Inc. was suspended on November 3, 2022, Zovio Inc. on November 10, 2022, Fast Radius, Inc. on November 18, 2022, and Kismet Acquisition Three Corp. on November 21, 2022. Nasdaq will file a Form 25 with the SEC to finalize these delistings, which will take effect ten days after the filing. Investors are advised to review the companies’ public filings for further information regarding the delistings.

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• Delisting of PhaseBio Pharmaceuticals, Inc. due to trading suspension since November 3, 2022.
• Delisting of Zovio Inc. due to trading suspension since November 10, 2022.
• Delisting of Fast Radius, Inc. due to trading suspension since November 18, 2022.
• Delisting of Kismet Acquisition Three Corp. due to trading suspension since November 21, 2022.

NEW YORK, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of PhaseBio Pharmaceuticals, Inc. PhaseBio Pharmaceuticals, Inc.’s common stock was suspended on November 3, 2022, and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Zovio Inc. Zovio Inc.’s common stock was suspended on November 10, 2022, and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Common Stock and Warrants of Fast Radius, Inc. Fast Radius, Inc.’s securities were suspended on November 18, 2022, and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares, warrant, and unit of Kismet Acquisition Three Corp. Kismet Acquisition Three Corp.’s securities were suspended on November 21, 2022, and have 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: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

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FAQ

Why are PhaseBio Pharmaceuticals, Zovio, Fast Radius, and Kismet Acquisition Three being delisted from Nasdaq?

These companies are being delisted due to trading suspensions that occurred on November 3, 10, 18, and 21, 2022, respectively.

What happens after the delistings for the affected companies?

Nasdaq will file a Form 25 with the SEC to complete the delistings, which will take effect ten days after the filing.

When will the delistings of these companies become effective?

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

Where can I find more information about the delisted companies?

Investors can review the public filings of the companies or contact them directly for further information.