Perfect Corp. (NYSE: PERF) delists warrants; $11.50 exercise price cited
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
New York Stock Exchange LLC notified removal of a class of warrants of Perfect Corp. from listing and registration. The notices describe warrants exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share. The Exchange and the issuer certified compliance with the regulatory withdrawal procedures.
Positive
- None.
Negative
- None.
Insights
Form 25 documents an Exchange-led removal of a warrant class; procedural, not an operational update.
The filing records that the New York Stock Exchange LLC complied with 17 CFR 240.12d2-2 procedures to strike the listed warrant class of Perfect Corp. and that the issuer complied with voluntary withdrawal requirements.
Impact depends on secondary-market liquidity and holder decisions; timing and holder treatment are not detailed in the excerpt.
Key Figures
Commission File Number: 001-41540
Warrant exercise price: $11.50 per share
Header expiry date: March 31, 2018
3 metrics
Commission File Number
001-41540
Form 25 cover filing
Warrant exercise price
$11.50 per share
each warrant exercisable for one Class A Ordinary Share
Header expiry date
March 31, 2018
document header line
Key Terms
Form 25, 17 CFR 240.12d2-2, withdrawal of registration
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(a)(1)"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
withdrawal of registration regulatory
"voluntary withdrawal of the class of securities from listing and registration"
FAQ
What did Perfect Corp.'s Form 25 filing state?
The filing states the NYSE notified removal of a class of warrants. It notes the warrants are exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share and that procedural rules under 17 CFR 240.12d2-2 were followed.
Which securities were removed from NYSE listing for PERF?
A class of warrants was removed from listing and registration. The document describes the instrument as warrants, each exercisable for one Class A Ordinary Share at $11.50 per share and subject to the Exchange's removal procedures under federal rule.
Who certified the removal on behalf of the Exchange?
The New York Stock Exchange LLC certified the Form 25 and it was signed by Anthony Sozzi, Analyst, Market Watch. The certification states the Exchange had reasonable grounds to file the Form 25 under the Exchange Act procedures.
Does the filing describe proceeds or holder remedies?
The excerpt does not describe proceeds, compensation, or remedies for holders. It focuses on procedural compliance with 17 CFR 240.12d2-2 and the issuer's voluntary withdrawal; no cash‑flow treatment or holder-specific terms are included in the provided text.
What regulatory citation governs this removal?
The removal is governed by 17 CFR 240.12d2-2, with specific subparts cited in the excerpt (a)(1)–(4) and (b)/(c). The filing states the Exchange and issuer complied with those rule provisions for withdrawal from listing and registration.