Great Lakes Dredge & Dock (GLDD) removed from Nasdaq listing — Form 25 filed
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Great Lakes Dredge & Dock Corp. has been removed from listing and/or registration on the Nasdaq Stock Market LLC via a Form 25 notification. The exchange certified compliance with 17 CFR 240.12d2-2 and the issuer complied with Nasdaq rules governing voluntary withdrawal.
Positive
- None.
Negative
- None.
Key Figures
Commission File Number: 001-33225
Form expiration date: March 31, 2018
2 metrics
Commission File Number
001-33225
Form 25 cover information
Form expiration date
March 31, 2018
Expires date shown on the form
Key Terms
Form 25, 17 CFR 240.12d2-2, Strike the class of securities from listing
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b)"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
Strike the class of securities from listing regulatory
"strike the class of securities from listing and/or withdraw registration"
FAQ
What does Great Lakes Dredge & Dock Corp. (GLDD) Form 25 mean?
It notifies removal from Nasdaq listing. The Form 25 indicates the company's class of common stock was struck from Nasdaq and deregistered under Section 12(b). The filing shows the exchange and issuer complied with 17 CFR 240.12d2-2 and Nasdaq withdrawal rules.
Who signed the Form 25 for GLDD and what authority is shown?
Nasdaq's AVP signed the notification. The Form 25 is executed on behalf of Nasdaq Stock Market LLC by Tara Petta, AVP, certifying the exchange had reasonable grounds and complied with applicable rules for striking the class from listing.
Which regulatory rules are cited in GLDD's Form 25?
The notice cites 17 CFR 240.12d2-2(a)–(d). Those provisions govern procedures for removal of a class of securities from an exchange and the exchange’s obligations; the filing states both the exchange and issuer complied with these regulatory requirements.