ALLETE Inc (NYSE: ALE) Form 25 to remove common stock from NYSE listing
Rhea-AI Filing Summary
ALLETE Inc is the subject of a Form 25 notification stating that its common stock will be removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934. The exchange reports that it has followed its own rules to strike this class of securities, and that the issuer has met the requirements for voluntary withdrawal from listing and registration.
The notice is signed on behalf of the New York Stock Exchange by an authorized analyst, confirming that the conditions for filing Form 25 are satisfied. This means ALLETE’s common stock will cease to maintain its NYSE listing once the removal process is completed.
Positive
- None.
Negative
- Removal of ALLETE Inc common stock from New York Stock Exchange listing and registration under Section 12(b), ending its listing on that exchange once the process is complete.
Insights
Form 25 initiates removal of ALLETE Inc common stock from NYSE listing and registration.
The notification shows that New York Stock Exchange LLC is proceeding under Section 12(b) of the Securities Exchange Act of 1934 to remove ALLETE Inc common stock from listing and registration. It cites Rule 12d2-2(b), indicating the exchange has followed its internal rules to strike this class of securities, and Rule 12d2-2(c), indicating the issuer has complied with exchange rules and regulatory requirements for voluntary withdrawal.
This represents a clear structural change in how ALLETE’s common stock is listed, as it will no longer be maintained on the NYSE once the process is complete. The document is signed by an NYSE analyst on 2025-12-15, with the exchange certifying it has reasonable grounds to believe all conditions for filing Form 25 are met, underscoring that the removal process is formally underway.
FAQ
What does ALLETE Inc (ALE) Form 25 notification mean for its NYSE listing?
Which ALLETE Inc (ALE) security is affected by this Form 25?
Is ALLETE Inc’s NYSE removal described as a voluntary withdrawal?
Which exchange is filing the Form 25 for ALLETE Inc (ALE)?
Who signed the ALLETE Inc (ALE) Form 25 notification?
Under which regulatory provisions is ALLETE Inc’s common stock being removed from NYSE?