Delisting of Securities of Superconductor Technologies Inc.; Gulfport Energy Corporation; Apex Global Brands Inc.; Pareteum Corporation; and Youngevity International, Inc. from The Nasdaq Stock Market

Rhea-AI Summary

On February 1, 2021, Nasdaq announced the delisting of common stocks from five companies: Superconductor Technologies, Gulfport Energy, Apex Global Brands, Pareteum Corporation, and Youngevity International. All these stocks had been suspended prior to the announcement, with suspension dates ranging from September 30, 2020, to November 20, 2020. Nasdaq will file a Form 25 with the SEC to formalize the delistings, which will become effective ten days after the filing. For more details on the delistings, refer to the companies' public filings or Nasdaq's rules on delisting.

Positive

• None.

Negative

• Delisting of common stocks of Superconductor Technologies, Gulfport Energy, Apex Global Brands, Pareteum Corporation, and Youngevity International indicates serious financial issues.
• All mentioned stocks have been suspended since late 2020, reflecting a lack of trading activity and investor confidence.

NEW YORK, Feb. 01, 2021 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock, of Superconductor Technologies Inc. Superconductor Technologies Inc.’s common stock was suspended on September 30, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Gulfport Energy Corporation. Gulfport Energy Corporation’s common stock was suspended on November 27, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Apex Global Brands Inc. Apex Global Brands Inc.’s common stock was suspended on November 5, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Pareteum Corporation. Pareteum Corporation’s common stock was suspended on November 12, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock and 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock of Youngevity International, Inc. Youngevity International, Inc.’s common stock and 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock were suspended on November 20, 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: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series

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FAQ

What companies are being delisted from Nasdaq as of February 1, 2021?

Nasdaq is delisting Superconductor Technologies, Gulfport Energy, Apex Global Brands, Pareteum Corporation, and Youngevity International.

When did the stocks of these companies get suspended?

The stocks were suspended on various dates between September 30 and November 20, 2020.

What is the process for delisting these stocks from Nasdaq?

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

Is there any trading activity for these companies' stocks after the suspension?

No, none of these stocks have traded on Nasdaq since their suspension.

Where can I find more information about the delistings?

You can review the companies' public filings or visit Nasdaq's website for additional details.