FTAI removes Series C 8.25% preferred from Nasdaq
FTAI Aviation Ltd. is notifying the removal of its 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares from the Nasdaq Stock Market.
Rhea-AI Filing Summary
FTAI Aviation Ltd. is notifying the removal of its 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares from the Nasdaq Stock Market. The filing states the removal follows Nasdaq rules and the issuer's compliance with the procedures governing a voluntary withdrawal of the class from listing and registration.
The notification is executed by Nasdaq on behalf of the exchange and signed by an authorized officer; the exchange certifies it has reasonable grounds for the Form 25 filing. No offering amounts, proceeds, or other financing terms are included in the excerpt provided.
Positive
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Negative
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Insights
Nasdaq and the issuer completed a voluntary delisting process for a Series C preferred class.
Nasdaq's Form 25 filing identifies the class as 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares and cites compliance with rule 12d2-2 procedures. The exchange certifies it has reasonable grounds to file.
Timing and post-delisting trading mechanics are not described in the excerpt; subsequent disclosures or exchange notices would show the effective delisting date and any plan for remaining holders.
The filing documents a procedural, voluntary withdrawal rather than a regulatory enforcement action.
The text states the issuer and exchange each "complied with" the rules governing voluntary withdrawal under 17 CFR 240.12d2-2(c). That language frames this as an administrative delisting process where procedural requirements were met.
Legal consequences for holders (redemption mechanics, conversion rights) are not provided in this excerpt; governance documents and the certificate of designation govern those rights and may be referenced in separate filings.
Key Figures
Key Terms
Form 25 regulatory
voluntary withdrawal regulatory
FAQ
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What did FTAI (FTAI) file with the SEC?
Which class of securities is being removed for FTAI (FTAI)?
Does the Form 25 say whether the withdrawal was voluntary for FTAI (FTAI)?
Who executed the Form 25 filing for FTAI (FTAI)?
Does the Form 25 disclose an effective delisting date or holder remedies?
AI-generated analysis. How Rhea-AI works. Not financial advice.