Assertio Holdings (NASDAQ: ASRT) common stock struck from Nasdaq list
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Assertio Holdings, Inc. (ASRT) notified the Nasdaq Stock Market LLC of the removal of its common stock from listing and/or registration pursuant to Form 25 under Section 12(b) of the Securities Exchange Act of 1934. The notice states the Exchange and the issuer complied with the cited rule sections governing voluntary withdrawal.
Positive
- None.
Negative
- None.
Key Figures
Commission File Number: 001-39294
Expires: March 31, 2018
Issuer address zip: 94025
+1 more
4 metrics
Commission File Number
001-39294
Form identification
Expires
March 31, 2018
form expiration date printed on cover
Issuer address zip
94025
Assertio principal executive office
Telephone
+1 650 462-5900
Issuer contact number
Key Terms
Form 25, Section 12(b), 17 CFR 240.12d2-2
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.
Section 12(b) regulatory
"UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b) the Exchange has complied with its rules"
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.
FAQ
What does Form 25 mean for Assertio Holdings (ASRT)?
Form 25 signals the removal of a listed class of securities from an exchange. The filing shows Nasdaq and Assertio complied with the rule sections cited, indicating a voluntary withdrawal of the company’s common stock from Nasdaq trading and registration.
Will Assertio common stock still trade after a Form 25 filing?
A Form 25 removes the class from the exchange’s list, which stops exchange trading. Subsequent trading status depends on alternative platforms or delisting processes; this filing itself states the class was struck from Nasdaq listing and registration.
Who filed the Form 25 for ASRT and what authority signed it?
The Form 25 was filed by Nasdaq Stock Market LLC and signed on its behalf by Katelin Rowe, identified as a CDO Analyst. Nasdaq certified it had reasonable grounds to file under the referenced Exchange Act provisions.
Does the Form 25 state any reason or financial impact for the removal?
The filing does not state a financial reason or impact; it cites compliance with 17 CFR 240.12d2-2 and related provisions governing voluntary withdrawal rather than listing a business or financial justification.