Pyxis Tankers (NASDAQ: PXS) warrants delisted from Nasdaq registration
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Pyxis Tankers Inc. has had its warrant class removed from listing and registration on the Nasdaq Stock Market LLC. Nasdaq states that it has complied with its own rules to strike this class of securities, and the issuer has complied with the exchange’s rules for voluntary withdrawal.
The notification is filed on Form 25 under the Securities Exchange Act of 1934 and is signed on behalf of Nasdaq by Tara Petta, AVP, certifying that the exchange meets all requirements to file this form.
Positive
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FAQ
What does Pyxis Tankers Inc. Form 25 filing mean for its warrants?
The Form 25 filing states that Pyxis Tankers Inc. warrants are being removed from listing and registration on Nasdaq. Nasdaq certifies it followed its rules to strike this class of securities, and the issuer followed exchange rules for voluntary withdrawal under applicable SEC regulations.
Which Pyxis Tankers Inc. securities are affected by this Nasdaq action?
The filing specifies that a class of securities described as a warrant is affected. This class of warrants is being struck from listing and registration on the Nasdaq Stock Market LLC in accordance with exchange rules and SEC Rule 12d2-2 procedures cited in the document.
Who initiated the removal of Pyxis Tankers Inc. warrants from Nasdaq?
The document notes that the Nasdaq Stock Market LLC has complied with its rules to strike the warrant class, and that the issuer has complied with exchange rules for voluntary withdrawal. This indicates coordinated action between the exchange and Pyxis Tankers Inc. under SEC Rule 12d2-2.
Which SEC rules govern the Pyxis Tankers Inc. warrant delisting?
The filing references 17 CFR 240.12d2-2(a)(1)-(4), as well as subsections 12d2-2(b) and 12d2-2(c). These rules set out how exchanges may strike securities from listing and how issuers may voluntarily withdraw securities from listing and registration.
Who signed the Nasdaq notification regarding Pyxis Tankers Inc. warrants?
The notification is signed on behalf of Nasdaq Stock Market LLC by Tara Petta, identified as an AVP. The signature section states Nasdaq has reasonable grounds to believe it meets all requirements for filing Form 25 under the Securities Exchange Act of 1934.
What information about Pyxis Tankers Inc. is included in this Form 25?
The filing identifies the issuer as Pyxis Tankers Inc., provides its principal executive office address at 59 K. Karamanli Street in Maroussi, Greece, and lists a telephone number, along with confirming that its warrants were listed on the Nasdaq Stock Market LLC.