CyberArk (CYBR) ordinary shares set for removal from Nasdaq listing
Rhea-AI Filing Summary
CyberArk Software Ltd. and the Nasdaq Stock Market LLC have taken formal steps to remove CyberArk’s ordinary shares from listing and registration under Section 12(b) of the Securities Exchange Act of 1934.
The filing states that Nasdaq has complied with its rules to strike this class of securities from listing and/or withdraw registration, and that CyberArk has complied with the exchange’s rules and SEC requirements governing the voluntary withdrawal of its ordinary shares. The notification is signed on behalf of Nasdaq by an authorized director.
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Insights
CyberArk ordinary shares are being removed from Nasdaq listing and registration.
The notification confirms that CyberArk Software Ltd. ordinary shares will be removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act. Both Nasdaq and the issuer are described as having complied with the applicable exchange and SEC rules.
This type of filing typically follows a corporate decision or qualifying event, but the excerpt does not specify the underlying reason or any new trading venue. The practical impact for shareholders depends on where and how the shares trade after removal, which is not detailed here and would need to be confirmed from other company communications.