Protagenic Therapeutics (NASDAQ: PTIX) stock and warrants removed from Nasdaq listing
Rhea-AI Filing Summary
Protagenic Therapeutics, Inc. is having its common stock and warrants removed from listing and registration on the Nasdaq Stock Market LLC. Nasdaq filed a Form 25 under Section 12(b) of the Securities Exchange Act of 1934, certifying that it has followed its own rules and the SEC’s requirements to strike these securities from listing and withdraw their registration on the exchange. The filing lists Protagenic’s principal executive offices in New York and identifies the affected securities as its common stock and warrants.
Positive
- None.
Negative
- Protagenic Therapeutics’ common stock and warrants are being removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act.
Insights
Nasdaq is removing Protagenic’s common stock and warrants from its exchange, ending their Nasdaq listing.
The filing shows Nasdaq Stock Market LLC submitting a Form 25 to remove Protagenic Therapeutics, Inc. common stock and warrants from listing and registration under Section 12(b) of the Exchange Act. The document states that Nasdaq has complied with its rules to strike the class of securities from listing and withdraw registration.
This action typically means the securities will no longer trade on Nasdaq and may move to a less liquid trading venue, which can affect visibility and trading dynamics. The text also notes that the issuer has complied with exchange rules and SEC requirements governing voluntary withdrawal, indicating that both the exchange’s and the issuer’s procedural steps are in place.
For investors, the key consequence is the loss of a major-exchange listing for Protagenic’s common stock and warrants, which can influence trading access and perception of the company. Subsequent company communications and future filings may provide more detail on post-delisting trading arrangements.