Fastly (NYSE: FSLY) files Form 25 to remove Class A shares from NYSE listing
Rhea-AI Filing Summary
Fastly, Inc. filed a Form 25 to remove its Class A common stock from listing on the New York Stock Exchange and from registration under Section 12(b) of the Securities Exchange Act of 1934. The filing covers the company’s Class A common stock with a par value of $0.00002 per share. The notification is signed on behalf of Fastly by its Chief Financial Officer, Richard Wong, indicating the company believes it meets all requirements to file this form.
Positive
- None.
Negative
- Fastly’s Class A common stock is being removed from listing on the New York Stock Exchange and from registration under Section 12(b), a materially adverse development for public trading visibility and liquidity.
Insights
Fastly moves to delist its Class A shares from the NYSE.
Fastly, Inc. has submitted a Form 25 to remove its Class A common stock from listing on the New York Stock Exchange and to terminate registration under Section 12(b). Form 25 is the formal step a company or an exchange uses when a security will no longer trade on that listing market.
Once effective, this action typically means reduced liquidity and visibility relative to a major exchange, though the document does not describe any alternative trading venue or the reasons for this move. The notification is authorized and signed by the Chief Financial Officer, which underscores that it is an intentional corporate action rather than an administrative error.