Delisting of Securities of Teligent, Inc. from The Nasdaq Stock Market
Rhea-AI Summary
The Nasdaq Stock Market announced the delisting of Teligent's common stock, effective ten days after filing a Form 25 with the SEC. The suspension of trading commenced on October 18, 2021.
This decision marks a significant corporate event, reflecting Teligent's inability to meet Nasdaq's listing requirements, leading to a complete halt in trading activities.
Positive
- None.
Negative
- Teligent's common stock was suspended from trading on October 18, 2021, indicating serious compliance issues.
- Delisting further implies the company's failure to meet Nasdaq's listing standards, which may affect investor confidence.
News Market Reaction – NDAQ
In the trading session that priced this news, NDAQ gained 0.45%, 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, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Teligent, Inc. Teligent, Inc.’s common stock was suspended on October 18, 2021 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: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.
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