OPOF Notifies Nasdaq of Security Removal Under Form 25
Rhea-AI Filing Summary
Old Point Financial Corp (OPOF) submitted a Form 25 notification to remove a class of its securities from listing and/or registration on the Nasdaq Stock Market LLC. The filing identifies the issuer's principal office at 1 West Mellen St., Hampton, Virginia, and cites rule provisions of 17 CFR 240.12d2-2(a)(1)-(4). The document states the Exchange certified compliance with 17 CFR 240.12d2-2(b) and that the issuer complied with 17 CFR 240.12d-2(c) governing voluntary withdrawal. The filing contains no signature date or executing person information in the provided content.
Positive
- Procedural compliance stated by both Nasdaq (under 17 CFR 240.12d2-2(b)) and the issuer (under 17 CFR 240.12d-2(c))
- Clear issuer identification including company name and principal office address
Negative
- No signature or date provided in the excerpt, leaving the effective filing date and authorized signer unspecified
- Form indicates removal/withdrawal from Nasdaq, which is a material corporate action that may affect shareholders
Insights
TL;DR: Form 25 notifies Nasdaq removal/withdrawal of OPOF securities; Exchange and issuer state compliance with applicable rules.
The filing is a formal notification to delist or withdraw registration of a class of Old Point Financial Corp securities from Nasdaq. It explicitly references the Exchange's certification under 17 CFR 240.12d2-2(b) and the issuer's compliance with 17 CFR 240.12d-2(c) for voluntary withdrawal. The document includes the issuer's principal office address but does not include a signed date or identifying signer in the provided excerpt, which are normally required to complete administrative filing records.
TL;DR: The filing documents procedural compliance for removal; key execution details (signature/date) are absent in this excerpt.
The Form 25 text shows the procedural basis for delisting under the cited rules and asserts both Exchange and issuer compliance. From a governance perspective, the filing records the voluntary withdrawal framework under 17 CFR 240.12d-2(c). The provided content lacks the signature block information and date, which are important for verifying when the filing was effected and by whom.