Rhea-AI Summary
Oi S.A. has announced plans to file a Form 15F with the SEC to terminate its registration of all classes of registered securities under the Securities Exchange Act, following the voluntary delisting of its ADRs from the NYSE on October 28, 2021. This filing will suspend its reporting obligations under the Exchange Act and is expected to complete 90 days after submission, barring SEC objections. Oi will retain listings on the São Paulo Stock Exchange under the ticker symbols OIBR3 and OIBR4, continuing to meet local disclosure requirements. The ADRs will remain traded in the U.S. OTC market with symbols OIBZQ and OIBRQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.88%
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FAQ
What is the current stock price of OI SA (OIBZQ)?
OI SA (OIBZQ) last closed at $0.001.
What is the market cap of OI SA (OIBZQ)?
The market cap of OI SA (OIBZQ) is approximately $32.9M.