Nine Energy Service (NINE) faces removal of common stock from NYSE
Rhea-AI Filing Summary
Nine Energy Service, Inc. is having its common stock, par value $0.01 per share, removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934. The NYSE filed Form 25 to strike this class of securities from listing.
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Insights
NYSE Form 25 removes Nine Energy Service common stock from NYSE listing.
The New York Stock Exchange filed Form 25 to strike Nine Energy Service, Inc. common stock from listing and registration under Section 12(b) of the Exchange Act. This means the shares will no longer trade on the NYSE once the delisting process is complete.
The filing cites compliance with Exchange rules and the relevant SEC provisions (17 CFR 240.12d2-2(b) and 12d2-2(c)). While alternative trading venues may exist, losing a major exchange listing typically reduces visibility and may affect liquidity. Actual market impact depends on investor and broker trading behavior after delisting.