Apellis Pharmaceuticals (NASDAQ: APLS) withdraws Common Stock from Nasdaq
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Apellis Pharmaceuticals, Inc. notifies removal of its Common Stock from Nasdaq Stock Market LLC via Form 25. Nasdaq certified compliance with 17 CFR 240.12d2-2 and the issuer complied with exchange rules governing voluntary withdrawal. The notice is signed on behalf of Nasdaq by Katelin Rowe, CDO Analyst.
Positive
- None.
Negative
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Key Figures
Commission File Number: 001-38276
Expiry/Date on top of form: March 31, 2018
Issuer telephone: 502-241-4114
3 metrics
Commission File Number
001-38276
Form 25 cover reference
Expiry/Date on top of form
March 31, 2018
form header expiration date
Issuer telephone
502-241-4114
principal executive office contact
Key Terms
Form 25, 17 CFR 240.12d2-2, voluntary withdrawal of registration
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
voluntary withdrawal of registration regulatory
"the Issuer has complied with its rules of the Exchange and the requirements ... governing the voluntary withdrawal"
FAQ
What is Form 25 and what did Apellis (APLS) file?
Form 25 is a SEC notice used to remove securities from an exchange. Apellis's filing notifies the removal of its Common Stock from Nasdaq and certifies compliance with 17 CFR 240.12d2-2 procedures.
Which securities class did Apellis (APLS) withdraw from Nasdaq?
The filing explicitly lists the company's Common Stock as the class being removed. The notification addresses delisting and withdrawal procedures under the cited exchange and SEC rules.
Who executed the Nasdaq notification for the removal?
The notification was signed on behalf of Nasdaq Stock Market LLC by Katelin Rowe, identified in the filing as a CDO Analyst. The signature certifies the Exchange's compliance with the cited rule.
What regulatory citation governs the removal disclosed by Apellis (APLS)?
The filing cites 17 CFR 240.12d2-2 (including subsections (a)(1)–(a)(4) and (b)/(c)), which governs exchange delisting procedures and voluntary withdrawal of registration.
Where are Apellis's principal executive offices listed in the filing?
The filing lists Apellis's address as 6400 Westwind Way, Suite A, Crestwood, Kentucky 40014 and provides a telephone number of 502-241-4114 for the issuer's principal executive offices.