ProPhase Labs (PRPH) to be removed from Nasdaq listing and registration
Rhea-AI Filing Summary
ProPhase Labs, Inc. is having its common stock removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq has certified that it has complied with its own rules to strike this class of securities from listing and registration, and that the issuer has complied with applicable exchange rules and regulatory requirements for voluntary withdrawal. The notification is signed on behalf of Nasdaq by a hearings advisor, confirming the exchange’s belief that it meets all requirements to file Form 25.
Positive
- None.
Negative
- ProPhase Labs, Inc. common stock is being removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act, which can reduce market liquidity and visibility for the shares.
Insights
ProPhase Labs’ common stock is being removed from Nasdaq listing and registration.
The notification shows that ProPhase Labs, Inc. common stock will be removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b). Nasdaq states it has followed its own procedures to strike the security and that the issuer followed the exchange’s rules and the relevant SEC provisions for voluntary withdrawal.
Delisting and deregistration from a major exchange usually mean the shares will no longer trade on that market, which can affect liquidity and visibility. The specific reasons or future trading venue are not described in the excerpt, so the information here is limited to the fact that the Nasdaq listing and Section 12(b) registration are being terminated.