MidWestOne (MOFG) common stock set for removal from Nasdaq listing
Rhea-AI Filing Summary
MidWestOne Financial Group, Inc. has had its common stock targeted for removal from listing and/or registration on the Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934.
Nasdaq filed a Form 25 notification, certifying it met all requirements to strike this class of common stock from listing and/or withdraw its registration on the exchange.
Positive
- None.
Negative
- Nasdaq removal of MidWestOne common stock from listing and/or registration under Section 12(b) is a materially adverse development for shareholders, as it typically reduces transparency, liquidity, and visibility on a major national securities exchange.
Insights
Nasdaq initiated removal of MidWestOne common stock from listing and/or registration.
The filing shows MidWestOne Financial Group, Inc. common stock is being removed from listing and/or registration on the Nasdaq Stock Market LLC via a Form 25 under Section 12(b) of the Exchange Act. This is a formal step that changes how the shares trade.
Form 25 indicates the exchange believes it has satisfied its own rules and SEC requirements to strike this security. The text references both exchange-initiated and issuer-related provisions but does not specify which pathway applies. Actual trading venue and liquidity outcomes would depend on subsequent arrangements outside this document.