Cosan to remove NYSE listing for its ADSs
Rhea-AI Filing Summary
Cosan S.A. (CSAN) has filed a Form 25 to notify the removal of its securities from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934 on the New York Stock Exchange LLC. The securities affected are its American Depositary Shares, each representing four common shares, no par value.
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Key Figures
ADS-to-common share ratio: 4 common shares per ADS
1 metrics
ADS-to-common share ratio
4 common shares per ADS
Each American Depositary Share represents four common shares, no par value
Key Terms
Form 25, Section 12(b) of the Securities Exchange Act of 1934, American Depositary Shares, American Depositary Receipts
4 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/ 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) of the Securities Exchange Act of 1934 regulatory
"removal from listing and/ registration under Section 12(b) of the"
American Depositary Receipts financial
"the “ADSs”) (as evidenced by American Depositary Receipts), each"
A certificate traded on U.S. markets that represents ownership of shares in a foreign company, letting U.S. investors buy and sell that company as if it were listed domestically. Think of it as a local voucher for a foreign product: it makes price quotes in dollars, trades on familiar exchanges, and brings differences in liquidity, fees and legal protections that can affect returns and risk compared with buying the underlying foreign shares directly.
FAQ
What did Cosan S.A. (CSAN) announce in this Form 25 filing?
Cosan S.A. filed Form 25 to notify the removal of its securities from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934 on the New York Stock Exchange LLC, affecting its American Depositary Shares.
Which Cosan S.A. (CSAN) securities are affected by this Form 25?
The filing identifies American Depositary Shares (ADSs), as evidenced by American Depositary Receipts, each representing four common shares, no par value, as the class of securities subject to removal from listing and/or registration.
On which exchange were Cosan S.A. (CSAN) ADSs listed before this Form 25?
Cosan S.A.’s American Depositary Shares were listed on the New York Stock Exchange LLC. The Form 25 notifies removal of these ADSs from listing and/or registration under Section 12(b) of the Exchange Act.
What legal provision is cited in Cosan S.A. (CSAN)’s Form 25?
The notification cites Section 12(b) of the Securities Exchange Act of 1934 as the legal basis for the removal of Cosan S.A.’s securities from listing and/or registration on the New York Stock Exchange.
Who signed Cosan S.A. (CSAN)’s Form 25 and in what capacity?
The Form 25 was signed by José Cezário Menezes de Barros Sobrinho, acting as Chief Financial and Investor Relations Officer of Cosan S.A., as the duly authorized person on behalf of the issuer.
What does Cosan S.A. (CSAN) certify in the Form 25 filing?
Cosan S.A. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing Form 25, and it has caused the notification to be signed by a duly authorized officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
