Alphatime Acquisition (NASDAQ: ATMC) Nasdaq delisting filed
Rhea-AI Filing Summary
Alphatime Acquisition Corp is being removed from the Nasdaq Stock Market under Section 12(b) of the Securities Exchange Act via a Form 25 filing. The action covers the company’s ordinary shares, rights, units, and warrants, meaning these securities will no longer be listed or registered on Nasdaq once the process is complete.
Nasdaq Stock Market LLC certifies that it has followed its own rules to strike these classes of securities from listing and/or withdraw their registration, and notes that the issuer has complied with the applicable exchange and SEC requirements for voluntary withdrawal under the cited rules.
Positive
- None.
Negative
- Nasdaq delisting of all Alphatime equity classes – ordinary shares, rights, units, and warrants are being removed from Nasdaq listing and/or registration, which can materially reduce liquidity and visibility.
Insights
Alphatime’s securities are being delisted from Nasdaq, reducing market visibility and trading convenience.
The document shows that Alphatime Acquisition Corp is being removed from listing and/or registration on the Nasdaq Stock Market LLC through a Form 25 under Section 12(b). The affected securities include ordinary shares, rights, units, and warrants, so the entire capital structure that trades on Nasdaq is covered by this action.
Nasdaq states it has complied with its own rules to strike these classes from listing, and that the issuer has complied with the exchange and SEC rules for voluntary withdrawal. For investors, removal from a major exchange typically means trading will need to occur on alternative venues, if available, which can affect liquidity and pricing transparency.