Astria Therapeutics (ATXS) common stock to be removed from Nasdaq listing
Rhea-AI Filing Summary
Astria Therapeutics, Inc. is being removed from trading on the Nasdaq Stock Market LLC, as reflected in a Form 25 filing. The filing covers the company’s common stock and states that Nasdaq has followed its own rules and the SEC’s requirements under Section 12(b) of the Securities Exchange Act to strike this class of securities from listing and/or registration. Nasdaq further certifies that it has reasonable grounds to believe it meets all requirements to file this notification, and an authorized officer has signed the form on the exchange’s behalf.
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Insights
Astria’s common stock is being removed from Nasdaq listing and registration.
Astria Therapeutics, Inc. has a Form 25 filed by the Nasdaq Stock Market LLC to remove its common stock from listing and/or registration under Section 12(b) of the Exchange Act. The document notes that Nasdaq has complied with its own rules and with 17 CFR 240.12d2-2(b), which governs exchange-initiated delisting actions.
The text also references 17 CFR 240.12d2-2(c), which addresses issuer-initiated voluntary withdrawal when applicable, indicating the regulatory paths under which such a removal can occur. The certification by an authorized Nasdaq officer formalizes that all conditions for filing Form 25 are reasonably believed to be satisfied.
Removal from a national securities exchange typically means the company’s shares would no longer trade on that exchange and may move to over-the-counter venues if trading continues. The overall impact on shareholders depends on future trading arrangements and any subsequent disclosures the company provides.