Permian Resources (PR) Class A Common Stock set to leave NYSE listing
Rhea-AI Filing Summary
Permian Resources Corp filed a notification that its Class A Common Stock will be removed from listing and/or registration on the New York Stock Exchange LLC under Section 12(b) of the Securities Exchange Act of 1934. The Form 25 states that the Exchange and the issuer have complied with the applicable rules under 17 CFR 240.12d2-2 and 17 CFR 240.12d-2(c) governing the withdrawal of this class of securities from listing and registration. This means the company’s Class A Common Stock will no longer trade as a listed security on the NYSE once the delisting process is completed under these rules.
Positive
- None.
Negative
- Permian Resources Corp Class A Common Stock is being removed from listing and/or registration on the New York Stock Exchange LLC under Section 12(b) of the Exchange Act, which is structurally adverse for liquidity and visibility.
Insights
Permian Resources’ Class A stock is being removed from NYSE listing, a structurally negative event.
The notification states that Permian Resources Corp Class A Common Stock is being removed from listing and/or registration on the New York Stock Exchange LLC under Section 12(b) of the Exchange Act. The language confirms that both the Exchange and the issuer have complied with the relevant rules under 17 CFR 240.12d2-2 and 17 CFR 240.12d-2(c) for this withdrawal.
Losing a major exchange listing is typically adverse for an equity because it can affect trading liquidity, visibility and index eligibility, even though the filing here does not describe the reasons or any alternative trading venue. The Form 25 focuses solely on the regulatory mechanics, indicating that the procedural requirements have been met but not adding financial or operational context.
Subsequent company communications or future filings would be needed to understand where the shares will trade after removal from the NYSE and whether any corporate restructuring or other strategic actions are associated with this delisting step.
FAQ
What does Permian Resources Corp's Form 25 filing mean for its stock?
The Form 25 states that Permian Resources Corp Class A Common Stock will be removed from listing and/or registration on the New York Stock Exchange LLC under Section 12(b) of the Securities Exchange Act of 1934, meaning it will no longer be listed on the NYSE after the process is completed.
Which class of Permian Resources Corp securities is affected by this Form 25?
The filing specifically identifies Class A Common Stock of Permian Resources Corp as the class of securities being removed from listing and/or registration on the New York Stock Exchange LLC.
Under what legal provisions is Permian Resources Corp being delisted from the NYSE?
The notification cites compliance with Section 12(b) of the Securities Exchange Act of 1934 and the related rules 17 CFR 240.12d2-2 and 17 CFR 240.12d-2(c) governing the removal of a class of securities from listing and registration.
Who certified the Form 25 for Permian Resources Corp's NYSE delisting?
The document states that New York Stock Exchange LLC certified the Form 25 and that it was signed on its behalf by Anthony Sozzi, identified as an Analyst, Market Watch.
Is the removal of Permian Resources Corp's Class A stock from NYSE described as compliant with exchange rules?
Yes. The Form 25 indicates that the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration, and that the issuer has complied with the exchange’s rules and the requirements of 17 CFR 240.12d-2(c).
Does the Form 25 explain why Permian Resources Corp is being delisted from NYSE?
No reasons are provided in the text; it only states that the necessary rules and requirements under Section 12(b) and the related regulations have been satisfied for the removal of the Class A Common Stock from listing and/or registration on the NYSE.