Middlefield Banc Corp (MBCN) withdraws common stock from Nasdaq listing
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Middlefield Banc Corp notified Nasdaq of the voluntary removal of its common stock from listing and registration.
The Exchange states it acted pursuant to 17 CFR 240.12d2-2 and the issuer ‘‘has complied with its rules’’ governing voluntary withdrawal.
Positive
- None.
Negative
- None.
FAQ
Why did Middlefield Banc Corp (MBCN) file Form 25?
Nasdaq certified removal under 17 CFR 240.12d2-2, stating the Exchange struck the class from listing and the issuer complied with rules governing voluntary withdrawal.
What class of securities did MBCN remove from Nasdaq?
The filing concerns MBCN's common stock, which Nasdaq states was struck from listing and registration under the procedures set forth in 17 CFR 240.12d2-2.
Who signed the Form 25 filing for MBCN with Nasdaq?
The Form 25 notification was executed on behalf of Nasdaq Stock Market LLC and signed by Tara Petta, whose title is listed as AVP on the form.
Does the Form 25 state whether the removal was voluntary or involuntary for MBCN?
The filing states the issuer ‘‘has complied with its rules of the Exchange and the requirements’’ governing the voluntary withdrawal of the class of securities from listing and registration.
What regulatory provision governed Nasdaq's action in MBCN's Form 25?
Nasdaq cites 17 CFR 240.12d2-2 (subsections (a)–(d)) as the governing rule under which the Exchange complied to strike the security from listing and withdraw registration.