REE Automotive shares removed from Nasdaq listing
Rhea-AI Filing Summary
REE Automotive Ltd. is having its Class A Ordinary Shares removed from listing and registration on the Nasdaq Stock Market LLC. Nasdaq submitted a Form 25 notification under Section 12(b) of the Securities Exchange Act of 1934, stating it has complied with its own rules and the requirements of 17 CFR 240.12d2-2(b) and (c) governing the withdrawal of this class of securities from listing and registration.
Positive
- None.
Negative
- Nasdaq delisting of Class A Ordinary Shares – REE Automotive Ltd.’s Class A Ordinary Shares are being removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b), eliminating this exchange as a trading venue for the class.
Filing Explained
The disclosed consequence is Nasdaq listing and Section 12(b) registration removal for REE’s Class A shares; the effective date is unstated.
The
The filing identifies a change to the shares’ Nasdaq listing and Section 12(b) registration status, rather than a reported issuance, sale, or cancellation of shares.
The supplied filing does not state an effective date for the removal, so the notice alone does not establish when the listing and registration change takes effect.
Key Terms
Form 25 regulatory
Section 12(b) of the Securities Exchange Act of 1934 regulatory
17 CFR 240.12d2-2(b) regulatory
voluntary withdrawal regulatory
FAQ
What does REE Automotive Ltd. (REE) disclose in its Form 25?
Which securities of REE Automotive Ltd. (REE) are affected by the Nasdaq action?
Under what regulatory provisions is REE Automotive Ltd. (REE) being delisted from Nasdaq?
Who signed the Nasdaq notification regarding REE Automotive Ltd. (REE)?
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