Delisting of Securities of Vicinity Motor Corp.; Bright Green Corporation; Smart for Life, Inc.; Focus Impact Acquisition Corp.; Cactus Acquisition Corp. 1; AltEnergy Acquisition Corp.; Lilium N.V.; APx Acquisition Corp. I; Integral Acquisition Corporation 1; New Providence Acquisition Corp. II from The Nasdaq Stock Market
Rhea-AI Summary
Nasdaq Stock Market (NDAQ) has announced the delisting of securities from multiple companies that were previously suspended from trading. The affected companies include:
- Vicinity Motor Corp. (suspended October 31, 2024)
- Bright Green and Smart for Life Inc. (both suspended September 19, 2024)
- Focus Impact Acquisition Corp. (suspended November 04, 2024)
- Cactus Acquisition Corp. 1 (suspended November 05, 2024)
- AltEnergy Acquisition Corp. (suspended November 05, 2024)
- Lilium NV (suspended November 06, 2024)
- APx Acquisition Corp. I (suspended December 17, 2024)
- Integral Acquisition 1 and New Providence Acquisition Corp. II (both suspended November 11, 2024)
The delisting affects various securities including common stocks, units, warrants, and Class A shares of these companies.
Positive
- Nasdaq's regulatory oversight demonstrates commitment to maintaining listing standards
- Removal of non-compliant companies helps maintain market integrity
Negative
- Mass delisting of 10 companies indicates significant compliance or performance issues with listed entities
- All affected securities have been suspended from trading for several months, impacting market liquidity
- Multiple SPACs included in the delisting suggesting challenges in the SPAC market segment
News Market Reaction
On the day this news was published, NDAQ declined 1.11%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Vicinity Motor Corp. Vicinity Motor Corp.’s stock was suspended on October 31, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Bright Green Corporation. Bright Green Corporation’s stock was suspended on September 19, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Smart for Life, Inc. Smart for Life, Inc.’s stock was suspended on September 19, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the units and warrants of Focus Impact Acquisition Corp. Focus Impact Acquisition Corp.’s securities were suspended on November 04, 2024 and its units and warrants have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the ordinary shares Class A, unit, warrant of Cactus Acquisition Corp 1 Limited. Cactus Acquisition Corp. 1 Limited’s stock was suspended on November 05, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock Class A, unit, warrant of AltEnergy Acquisition Corp. AltEnergy Acquisition Corp.’s stock was suspended on November 05, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the Class A ordinary shares, warrant of Lilium NV. Lilium N.V.’s stock was suspended on November 06, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the ordinary shares Class A, unit, warrant of APx Acquisition Corp I. APx Acquisition Corp. I’s stock was suspended on December 17, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock Class A, warrant, unit of Integral Acquisition Corporation 1. Integral Acquisition Corporation 1’s stock was suspended on November 11, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock Class A, unit, warrant of New Providence Acquisition Corp II. New Providence Acquisition Corp. II’s stock was suspended on November 11, 2024 and has not traded on Nasdaq since that time.
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.
FAQ
How many companies are being delisted from Nasdaq in March 2025?
What types of securities are affected by the March 2025 Nasdaq delisting?
When was the earliest suspension date among the delisted companies?
What was the most recent trading suspension date among the delisted companies?
Where can investors find Nasdaq's rules regarding security delistings?
