Delisting of Securities of Schmitt Industries, Inc.; Viveve Medical, Inc.; and American Virtual Cloud Technologies, Inc. from The Nasdaq Stock Market

Rhea-AI Summary

The Nasdaq Stock Market announced the delisting of shares for three companies: Schmitt Industries, Inc., Viveve Medical, Inc., and American Virtual Cloud Technologies, Inc. Schmitt Industries was suspended from trading on January 17, 2023, followed by Viveve Medical on January 19, and American Virtual Cloud Technologies on January 20. Nasdaq will file a Form 25 with the SEC to finalize these delistings, which will take effect ten days post-filing. For further details on the basis for these actions, investors are encouraged to review the companies' public filings.

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• Delisting of Schmitt Industries, Viveve Medical, and American Virtual Cloud Technologies from Nasdaq.
• Schmitt Industries' stock has not traded since January 17, 2023.
• Viveve Medical's stock has not traded since January 19, 2023.
• American Virtual Cloud Technologies' securities have been suspended since January 20, 2023.

NEW YORK, Jan. 23, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Schmitt Industries, Inc. Schmitt Industries, Inc.’s common stock was suspended on January 17, 2023, and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Viveve Medical, Inc. Viveve Medical, Inc.’s common stock was suspended on January 19, 2023, and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Common Stock and Warrant expiring 4/7/2025 of American Virtual Cloud Technologies, Inc. American Virtual Cloud Technologies, Inc.’s securities were suspended on January 20, 2023, 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 did Nasdaq delist Schmitt Industries, Inc.?

Nasdaq delisted Schmitt Industries due to trading suspension since January 17, 2023.

What happened to Viveve Medical, Inc.'s stock?

Viveve Medical was suspended and subsequently delisted by Nasdaq effective January 19, 2023.

When will the delisting of American Virtual Cloud Technologies, Inc. be effective?

The delisting will be effective ten days after Nasdaq files a Form 25.