[25-NSE] Petros Pharmaceuticals, Inc. SEC Filing
Petros Pharmaceuticals, Inc. (PTPI) has had its common stock 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 complied with its rules and the requirements of 17 CFR 240.12d2-2(b) to strike this class of securities from listing and/or registration. The filing is signed on behalf of Nasdaq by a hearings advisor, confirming Nasdaq’s action to delist PTPI’s common stock from the exchange.
- None.
- PTPI common stock delisted from Nasdaq, removing it from a major national securities exchange and potentially reducing liquidity and visibility.
Insights
Nasdaq has formally delisted PTPI common stock from its exchange.
Petros Pharmaceuticals, Inc. (PTPI) common stock is being removed from listing and registration on the Nasdaq Stock Market LLC, as evidenced by a Form 25 filed under Section 12(b) of the Exchange Act. Nasdaq certifies that it has complied with its own rules and
Once a Form 25 becomes effective, the security is no longer listed on that national securities exchange and no longer registered under Section 12(b). Trading, if any, typically shifts to over-the-counter venues, where liquidity and price discovery are often more limited than on a major exchange. The practical impact depends on market interest and any alternative trading arrangements after delisting.
The notification is signed by a Nasdaq hearings advisor dated