Delisting of Akazoo S.A. from The Nasdaq Stock Market
Rhea-AI Summary
The Nasdaq Stock Market announced the delisting of Akazoo S.A.'s ordinary shares and warrant, effective ten days after filing a Form 25 with the SEC. The shares were suspended from trading on May 27, 2020, and have not traded since. Investors should refer to public filings for more information regarding the basis for the delisting and the status of the company's securities on other venues.
Positive
- None.
Negative
- Akazoo S.A.'s ordinary shares and warrant have been suspended from trading since May 27, 2020.
- The delisting indicates significant financial or operational issues within Akazoo S.A.
News Market Reaction – NDAQ
In the trading session that priced this news, NDAQ gained 0.30%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, June 01, 2020 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the ordinary shares and warrant of Akazoo S.A. Akazoo S.A.’s ordinary shares and warrant were suspended on May 27, 2020 and have not traded on Nasdaq since that time.
Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes 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/.
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