Luminar Technologies (LAZRQ) Class A common stock to be delisted from Nasdaq
Rhea-AI Filing Summary
Nasdaq Stock Market LLC has filed a Form 25 to remove the Class A common stock of Luminar Technologies, Inc. from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. The notification states that Nasdaq has complied with its rules and the applicable SEC rule (17 CFR 240.12d2-2(b)) to strike this class of securities from listing and/or withdraw its registration on the exchange. The filing is signed on behalf of Nasdaq by a hearings advisor, indicating the exchange is formally delisting Luminar’s Class A shares from the Nasdaq Stock Market.
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- Nasdaq delisting of Class A common stock removes Luminar Technologies, Inc. shares from a major exchange, which can significantly reduce trading liquidity and visibility for investors.
Insights
Nasdaq is formally delisting Luminar’s Class A shares, removing them from the exchange.
This Form 25 shows that Nasdaq Stock Market LLC has taken action to strike Luminar Technologies, Inc. Class A common stock from listing and registration under Section 12(b). Once effective, the shares will no longer trade on Nasdaq, which typically reduces liquidity and can affect how easily investors buy or sell the stock.
The notification cites compliance with 17 CFR 240.12d2-2(b), meaning the exchange has followed its own rules and SEC requirements in proceeding with removal. The document does not state any reasons or background, only that the formal conditions for delisting and deregistration are met. Subsequent company or exchange communications would usually provide more detail on trading venues or any transition plans.
FAQ
What did Nasdaq do in this Form 25 for LAZRQ (Luminar Technologies, Inc.)?
Nasdaq Stock Market LLC filed a Form 25 to remove the Class A common stock of Luminar Technologies, Inc. from listing and registration under Section 12(b) of the Securities Exchange Act of 1934.
Which Luminar Technologies, Inc. security is affected by this filing?
The filing applies to Class A common stock of Luminar Technologies, Inc., which is being struck from listing and/or withdrawn from registration on the Nasdaq Stock Market.
Who initiated the delisting action for Luminar Technologies, Inc. Class A shares?
The notification is filed by Nasdaq Stock Market LLC, which certifies it has complied with its own rules and SEC rule 17 CFR 240.12d2-2(b) to remove Luminar’s Class A common stock from listing and/or registration.
What SEC rule is cited in the Luminar Technologies, Inc. Form 25?
The document references 17 CFR 240.12d2-2(b), which governs how an exchange may strike a class of securities from listing and/or withdraw its registration under Section 12(b) of the Exchange Act.
Does the Form 25 explain why Luminar Technologies, Inc. is being delisted from Nasdaq?
The notification states that Nasdaq has complied with its rules and the applicable SEC rule to remove the security, but it does not provide any reasons or background for the delisting in the excerpt provided.
Who signed the Form 25 related to Luminar Technologies, Inc.?
The Form 25 is signed on behalf of Nasdaq Stock Market LLC by Aravind Menon, identified as a Hearings Advisor, as the duly authorized person.