Old Market Capital (NASDAQ: OMCC) plans voluntary NASDAQ delisting and OTC shift
Rhea-AI Filing Summary
Old Market Capital Corporation plans to voluntarily delist its common stock from the NASDAQ Capital Market and terminate its registration under the federal securities laws. The Board approved filing a Form 25 on or about December 22, 2025, with the delisting and Section 12(b) deregistration expected to become effective on or about January 2, 2026, when NASDAQ trading will cease. After Form 25 is effective, the Company intends to file Form 15 to deregister under Section 12(g) and suspend reporting under Section 15(d), with Exchange Act reporting requirements ending permanently 90 days later. The Company expects its shares to begin quotation on the OTCID Basic Market around January 2, 2026 under the symbol OMCC, but cannot assure continued OTC trading. Management cites public-company costs, low trading volumes, and regulatory burdens as key reasons and expects meaningful annual cost savings, while planning to continue issuing quarterly earnings releases and an Annual Report via its investor portal.
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Voluntary NASDAQ delisting and SEC deregistration will end OMCC's national exchange listing and full Exchange Act reporting, likely reducing liquidity and public transparency for shareholders.
Insights
OMCC is voluntarily leaving NASDAQ and ending SEC reporting, trading likely shifts to OTC.
Old Market Capital Corporation has approved a plan to voluntarily delist its common stock from the NASDAQ Capital Market and deregister under the Exchange Act. A Form 25 is targeted for on or about December 22, 2025, with delisting and Section 12(b) deregistration expected to be effective on or about January 2, 2026, when NASDAQ trading will end.
Following Form 25 effectiveness, the Company intends to file Form 15 to deregister under Section 12(g) and suspend Section 15(d) reporting, with Exchange Act reporting obligations terminating 90 days thereafter. This will materially reduce ongoing public disclosure compared with a national exchange listing and full SEC reporting.
The Company expects quotation to begin on the OTCID Basic Market around January 2, 2026 under the OMCC symbol, but explicitly notes there is no assurance that OTC trading will continue. The stated rationale is to address public-company costs, low trading volumes, and regulatory burdens, with an expectation of meaningful annual savings; the trade-off is potentially lower liquidity and transparency for existing shareholders.
8-K Event Classification
FAQ
What is Old Market Capital (OMCC) announcing in this 8-K?
Old Market Capital Corporation is announcing that its Board has approved a plan to voluntarily delist its common stock from the NASDAQ Capital Market and deregister its shares under the federal securities laws. This includes filing Form 25 to remove the NASDAQ listing and a later Form 15 to end registration and ongoing SEC reporting obligations.
Where will Old Market Capital (OMCC) stock trade after the NASDAQ delisting?
Old Market Capital expects its common stock to begin quotation on the OTCID Basic Market on or around January 2, 2026, under the current trading symbol OMCC. The Company states that it can provide no assurance that trading in its common stock will continue on the OTCID Basic Market or otherwise.
Will Old Market Capital continue filing SEC reports after deregistration?
After Form 25 becomes effective, the Company intends to file Form 15 to deregister its securities under Section 12(g) and suspend its reporting obligations under Section 15(d) of the Exchange Act. It anticipates that its obligation to file periodic reports, including Forms 10-K and 10-Q, will be suspended, and that all Exchange Act reporting requirements will terminate permanently 90 days after Form 15 is filed.
Why is OMCC choosing to voluntarily delist and deregister its common stock?
The Board's decision followed consideration of several factors, including costs associated with being a public reporting company, low trading volumes, regulatory burdens, and a desire to better focus resources on enhancing long-term stockholder value. The Company expects to realize meaningful annual cost savings from delisting and deregistering its common stock.