[25-NSE] GSR III Acquisition Corp. SEC Filing
Rhea-AI Filing Summary
GSR III Acquisition Corp. (symbol GSRT) is the subject of a Form 25 notification that Nasdaq Stock Market LLC submitted to remove the company’s securities from listing and/or registration under the Securities Exchange Act of 1934. The filing identifies the issuer and exchange, and cites the exchange rules and federal rules 17 CFR 240.12d2-2(b) and 17 CFR 240.12d2-2(c) as the regulatory bases for striking the class from the Nasdaq list or for voluntary withdrawal. Contact information in the filing lists an Austin, Texas address and a telephone number. The document indicates Nasdaq certified it had reasonable grounds to file and that the Form 25 and attached notice satisfy applicable procedural provisions.
Positive
- None.
Negative
- None.
Insights
Form 25 records Nasdaq's action to remove GSRT from listing under explicit rule sections.
The filing confirms Nasdaq invoked the procedural mechanism under 17 CFR 240.12d2-2 to strike or permit voluntary withdrawal of the class of securities for GSR III Acquisition Corp. That indicates the exchange followed its internal compliance steps and used the standard federal process for delisting or withdrawal.
Key dependencies are procedural: whether the removal is voluntary or involuntary and any subsequent filings (such as a Form 15 or transfer to OTC quotation) will determine investor access and reporting status in the near term.
Removal from an exchange is material for holders because it changes trading and reporting pathways.
Striking a class from Nasdaq typically ends exchange trading for that security; holders may face reduced liquidity and different disclosure regimes if the company moves to quotation venues. The filing lists contact details and affirms procedural compliance but does not disclose the operational reason or effective date.
Investors should monitor any follow-up notices that state the effective delisting date or next reporting steps; absent those specifics, the formal removal filing itself is the primary dispositive action documented here.