ESS Tech (GWH) warrant class delisted by NYSE; exercise price $172.50
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
ESS Tech, Inc. is the subject of a Form 25 notification reporting the removal of a class of its securities from listing and registration on the New York Stock Exchange LLC. The class affected is warrants, each exercisable for one‑fifteenth (1/15) of a share of Common Stock at an exercise price of $172.50. The filing cites compliance with 17 CFR 240.12d2-2 and related provisions and is submitted by the Exchange.
Positive
- None.
Negative
- None.
Key Figures
Commission File Number: 001-39525
Warrant conversion ratio: 1/15 share
Warrant exercise price: $172.50
+1 more
4 metrics
Commission File Number
001-39525
Form 25 cover identification
Warrant conversion ratio
1/15 share
each warrant exercisable for one‑fifteenth of a share
Warrant exercise price
$172.50
exercise price per share stated in the filing
Expiry header date
March 31, 2018
header line in the provided excerpt
Key Terms
Form 25, 17 CFR 240.12d2-2, warrants
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b)"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
warrants financial
"Warrants, each Warrant exercisable for one-fifteenth (1/15) of a share"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
FAQ
What does ESS Tech (GWH) filing Form 25 mean?
Form 25 notifies that a class of securities is being removed from NYSE listing. It states the exchange and issuer complied with 17 CFR 240.12d2-2 and related rules governing withdrawal and delisting procedures.
Which class of ESS Tech securities is being removed?
The filing covers the company's warrants, each exercisable for one‑fifteenth (1/15) of a share. The warrants have an exercise price of $172.50, as specified in the notification.
Who submitted the Form 25 for ESS Tech (GWH)?
The Form 25 notification is certified by the New York Stock Exchange LLC. The excerpt shows it was signed on the Exchange's behalf by Tyler Mastronardi, Analyst, Market Watch.
Does the Form 25 state any effective date for removal?
The provided excerpt does not attach an explicit delisting effective date. It cites procedural compliance under 17 CFR 240.12d2-2 but does not list a specific removal date in the visible text.
What are the exercise terms disclosed for the warrants in the filing?
The warrants are described as exercisable for one‑fifteenth (1/15) of a share of Common Stock at an exercise price of $172.50 per share, per the filing language.