Four Leaf Acquisition Corp (FORL) securities set for Nasdaq delisting
Rhea-AI Filing Summary
Four Leaf Acquisition Corp is being removed from the Nasdaq Stock Market. Nasdaq filed a Form 25 to strike the company’s Class A common stock, units, and warrants from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. The filing states that the Exchange has complied with its rules to remove these securities from listing and registration, and also notes that the issuer has complied with Exchange rules and SEC requirements governing voluntary withdrawal. This action means the company’s securities will no longer trade on Nasdaq once the delisting process is complete.
Positive
- None.
Negative
- Delisting from Nasdaq of Class A common stock, units, and warrants, which typically reduces liquidity and can limit access to institutional investors.
Insights
Four Leaf Acquisition Corp is being delisted from Nasdaq, which is generally adverse for shareholders.
Nasdaq has filed a Form 25 to remove Four Leaf Acquisition Corp Class A common stock, units, and warrants from listing and registration under Section 12(b) of the Exchange Act. The filing confirms the Exchange followed its own rules for striking the securities and cites provisions that also recognize issuer compliance with voluntary withdrawal requirements.
Delisting from a major exchange typically reduces trading liquidity and can narrow the investor base, since many institutions and index products require an exchange listing. The eventual trading venue and price behavior will depend on how and where the securities trade after the Nasdaq removal and on any subsequent corporate actions the company may undertake.