iTeos Therapeutics (ITOS) Notified for Nasdaq Delisting via Form 25
Rhea-AI Filing Summary
Nasdaq has submitted a Form 25 notifying the SEC of the removal of iTeos Therapeutics, Inc. (ITOS) from listing and/or registration on the Nasdaq Stock Market LLC. The filing identifies the issuer's principal office at 321 Arsenal Street, Watertown, Massachusetts and provides a contact phone number. The form states the Exchange and the issuer have complied with applicable rule provisions governing withdrawal or removal, but the specific rule selection box, signature and date fields are not completed in the provided content.
Positive
- Exchange and issuer compliance language is included indicating adherence to referenced procedural rules
Negative
- Notice of removal/delisting of iTeos Therapeutics (ITOS) from Nasdaq is indicated, which is material to shareholders
- Signature, date, and specific rule-selection fields are not completed in the provided content, limiting confirmation of execution and timing
Insights
TL;DR: Nasdaq filed to remove ITOS from listing; the form indicates procedural compliance but lacks signature/date.
The filing is a formal notification that Nasdaq seeks removal of iTeos Therapeutics' securities from the exchange and asserts compliance with the procedural requirements of the Exchange Act rules referenced. The document includes issuer identification and exchange name but omits which specific subsection was checked and omits the signing party and date. From a listings-compliance perspective, the filing meets the requirement to notify the SEC, yet the absence of a completed signature block and explicit rule selection in the provided text limits confirmation of whether the removal is voluntary or initiated by the Exchange.
TL;DR: The notice signals delisting/withdrawal action for ITOS; procedural language is present but key execution details are missing in the excerpt.
The document shows Nasdaq certifying it has reasonable grounds to file Form 25 for iTeos Therapeutics and references compliance with rules governing withdrawal/removal. For governance review, the filing is material because removal from an exchange affects shareholder liquidity and reporting status. However, the provided content lacks the executed signature and date and does not specify the precise rule provision selected, which constrains assessment of timing and voluntariness.