Delisting of Securities of Therapix Biosciences Ltd.; Stein Mart, Inc.; and Shiloh Industries, Inc. from The Nasdaq Stock Market

Rhea-AI Summary

The Nasdaq Stock Market has announced the delisting of the American Depositary Shares of Therapix Biosciences Ltd. due to suspension since July 2, 2020. Additionally, common stock of Stein Mart, Inc. and Shiloh Industries, Inc. will also be delisted, with suspensions occurring on August 24, 2020, and September 10, 2020, respectively. Nasdaq will file Form 25 with the SEC to complete these delistings, effective ten days post-filing. For further details and information regarding the basis for these actions, stakeholders are advised to consult the companies' public filings or contact them directly.

Positive

• None.

Negative

• Delisting of Therapix Biosciences Ltd.’s American Depositary Shares, affecting investor access to shares.
• Delisting of Stein Mart, Inc.’s common stock, indicating financial instability and significant operational challenges.
• Delisting of Shiloh Industries, Inc.’s common stock, reflecting ongoing financial difficulties.

NEW YORK, Sept. 21, 2020 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the American Depositary Shares, of Therapix Biosciences Ltd.  Therapix Biosciences Ltd.’s American Depositary Shares were suspended on July 2, 2020 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Stein Mart, Inc.  Stein Mart, Inc.’s common stock was suspended on August 24, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Shiloh Industries, Inc.  Shiloh Industries, Inc.’s common stock was suspended on September 10, 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

Why did Nasdaq delist Therapix Biosciences Ltd.?

Therapix Biosciences Ltd.'s American Depositary Shares were suspended on July 2, 2020, leading to their delisting by Nasdaq.

What happened to Stein Mart, Inc. on September 21, 2020?

Nasdaq announced the delisting of Stein Mart, Inc. due to its common stock being suspended since August 24, 2020.

What is the reason for Shiloh Industries, Inc.'s delisting?

Shiloh Industries, Inc.'s common stock was suspended on September 10, 2020, which resulted in its delisting from Nasdaq.

When will the delistings of these companies take effect?

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