PROS Holdings (NYSE: PRO) files Form 25 to end NYSE listing of common stock
Rhea-AI Filing Summary
PROS Holdings, Inc. has filed a Form 25 to remove its common stock from listing and/or registration on the New York Stock Exchange LLC under Section 12(b) of the Securities Exchange Act of 1934. The notification states that the Exchange has complied with its own rules to strike this class of securities from listing and withdraw its registration, and that the issuer has complied with Exchange rules and SEC requirements for voluntary withdrawal. This means PROS Holdings’ common stock will no longer be listed or registered on the NYSE, and investors will need to trade the shares on other available markets once the delisting process is completed under the applicable SEC rules.
Positive
- None.
Negative
- PROS Holdings common stock to be removed from NYSE listing and registration, which can reduce trading visibility and market liquidity compared with a major exchange.
Insights
PROS Holdings is removing its common stock from NYSE listing and registration.
The notification states that PROS Holdings, Inc. 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 Exchange certifies it followed its rules to strike the security, and the issuer is described as having complied with Exchange rules and SEC requirements for a voluntary withdrawal.
Once effective, the company’s common stock will no longer trade on the NYSE, which typically reduces trading visibility and may affect liquidity and pricing efficiency compared with a major exchange listing. The notice does not provide financial metrics or reasons for the withdrawal, but it clearly documents the formal step that ends NYSE listing and Section 12(b) registration for this class of securities.
FAQ
What does PROS Holdings (PRO) Form 25 filing announce?
Which securities of PROS Holdings (PRO) are affected by this Form 25?
Is the PROS Holdings (PRO) NYSE delisting described as voluntary?
What regulatory basis is cited for PROS Holdings (PRO) removal from NYSE?
Who certifies the PROS Holdings (PRO) Form 25 filing?