OUST delisting notice filed on Form 25 by Nasdaq
Rhea-AI Filing Summary
Nasdaq Stock Market LLC submitted a Form 25 notification to remove the class of securities of Ouster, Inc. (symbol OUST) from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. The filing lists the issuer's principal executive office at 350 Treat Ave, San Francisco, CA 94110 and provides a contact telephone number. The form references the regulatory rule provisions for delisting/withdrawal and states the Exchange certifies it has reasonable grounds to believe the Form 25 filing meets applicable requirements.
The document does not disclose which specific rule provision was selected, the effective delisting date, or any financial or transaction details.
Positive
- Exchange certification of procedural compliance indicates Nasdaq followed required filing rules
- Issuer identity and contact details are provided for follow-up (address and telephone listed)
Negative
- Notification to remove Ouster, Inc. (OUST) from Nasdaq listing/registration is reported
- Filing omits the selected delisting rule and the effective date, leaving timing and basis unclear
Insights
Form 25 signals removal of OUST from Nasdaq listing; market access and liquidity will change once effective.
The filing notifies that the Exchange has submitted a Form 25 to remove a class of securities for Ouster, Inc. (OUST) from listing and/or registration. This is the formal regulatory step that begins or records the administrative process to delist securities under Section 12(b).
Key dependencies include the effective date and whether the removal is voluntary or involuntary; neither is specified here. Investors should note that delisting typically affects trading venue, liquidity, and market access once the action becomes effective, often within a short regulatory timeframe.
The Exchange affirms procedural compliance but the filing lacks specifics on rule selection and timing.
The submission states Nasdaq has complied with its rules and certifies reasonable grounds for filing. The form lists the rule citations commonly used for withdrawals or delistings but does not indicate which checkbox (if any) was marked or provide the signature/date block content.
Absent the effective date or a signed notice, material details remain missing here; stakeholders will need the accompanying Notice of Removal or subsequent filings for firm timing and the issuer's stated rationale within days to weeks.