Nasdaq (MLAC) files Form 25 to remove Class A shares from listing
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Nasdaq Stock Market LLC submitted a Form 25 to remove the listing and registration of Mountain Lake Acquisition Corp. securities — described as class A ordinary shares; rights; units — under Section 12(b) of the Exchange Act, citing compliance with 17 CFR 240.12d2-2. The notice is certified and signed on behalf of Nasdaq by Tara Petta, AVP.
Positive
- None.
Negative
- None.
Insights
Nasdaq filed a Form 25 documenting removal of Mountain Lake Acquisition Corp. securities.
The filing records that Nasdaq exercised its procedures under 17 CFR 240.12d2-2 and that the issuer complied with voluntary-withdrawal requirements. The notice identifies the affected classes as class A ordinary shares; rights; units.
Timing and market impact are not stated in the excerpt; subsequent filings may disclose the effective delisting date or related actions.
Key Figures
Commission File Number: 001-42436
Affected security classes: class A ordinary shares; rights; units
Document expiry reference: March 31, 2018
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4 metrics
Commission File Number
001-42436
Form 25 cover block
Affected security classes
class A ordinary shares; rights; units
described in filing
Document expiry reference
March 31, 2018
header expiry line
Issuer principal office zip
89451
issuer address
Key Terms
Form 25, Section 12(b), 17 CFR 240.12d2-2
3 terms
Form 25 regulatory
"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.
Section 12(b) regulatory
"under Section 12(b) of the Securities Exchange Act of 1934"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b) the Exchange has complied"
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.
FAQ
What does Mountain Lake Acquisition Corp. (MLAC) Form 25 mean?
It notifies the exchange that Nasdaq is removing MLAC securities from listing and registration under Section 12(b). The filing states Nasdaq and the issuer complied with the procedural rules cited as 17 CFR 240.12d2-2 and includes an exchange certification.
Which classes of MLAC securities are affected by the Form 25?
The filing lists the affected classes as class A ordinary shares; rights; units. Those labels appear verbatim in the notice and identify the specific securities subject to removal from Nasdaq listing and registration.
Who certified the Form 25 for Nasdaq in the MLAC filing?
The notification is signed on behalf of Nasdaq by Tara Petta, AVP. The filing includes a certification that Nasdaq has reasonable grounds to file Form 25 and complied with the cited procedural rules.
What regulatory provisions does the Form 25 cite in the MLAC notice?
The notice cites Section 12(b) of the Exchange Act and procedural rules under 17 CFR 240.12d2-2 (subsections (a)(1)–(4) and (b)/(c)). Those citations indicate the statutory and rule basis for delisting and voluntary withdrawal.