Olo (NYSE: OLO) moves to delist Class A shares from NYSE
Rhea-AI Filing Summary
Olo Inc. has filed a Form 25 to remove its Class A Common Stock from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934. The notification states that the Exchange has complied with its own rules to strike this class of securities from listing and/or withdraw registration, and that the issuer has complied with Exchange rules and the requirements of 17 CFR 240.12d2-2(c) for voluntary withdrawal. The filing is signed on behalf of the New York Stock Exchange by an authorized analyst in Market Watch.
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- Olo Inc.’s Class A Common Stock is being removed from listing and registration on the New York Stock Exchange under Section 12(b), signaling a loss of this major exchange listing.
Insights
Olo’s Class A stock is being removed from NYSE listing and registration.
This Form 25 shows that Olo Inc. and the New York Stock Exchange are proceeding to remove Olo’s Class A Common Stock from listing and registration under Section 12(b). The reference to 17 CFR 240.12d2-2(b) indicates the Exchange has followed its rules to strike the security, while 17 CFR 240.12d2-2(c) notes the issuer’s compliance for a voluntary withdrawal.
For investors, the key fact is that this specific class of shares will no longer be listed or registered on the NYSE once the process completes. The filing does not describe trading arrangements elsewhere or reasons for the delisting, so the main takeaway is a change in trading venue and regulatory status for Olo’s Class A Common Stock.