[25-NSE] Baijiayun Group Ltd. SEC Filing
Baijiayun Group Ltd's Class A Ordinary Shares are subject to removal from listing and/or registration on the Nasdaq Stock Market via a Form 25 notification under Section 12(b) of the Exchange Act. The Exchange certifies it has followed the procedures of 17 CFR 240.12d2-2 and notes the issuer met voluntary withdrawal requirements, indicating a formal delisting action for this class of securities.
Le Class A Ordinary Shares di Baijiayun Group Ltd sono soggette a cancellazione dalla quotazione e/o alla rimozione dalla registrazione sul Nasdaq Stock Market tramite una notifica Form 25 ai sensi della Sezione 12(b) dell'Exchange Act. Il mercato certifica di aver seguito le procedure previste da 17 CFR 240.12d2-2 e rileva che l'emittente ha soddisfatto i requisiti per il ritiro volontario, indicando un'azione formale di delisting per questa classe di titoli.
Las Class A Ordinary Shares de Baijiayun Group Ltd están sujetas a la retirada de cotización y/o a la baja de su registro en el Nasdaq Stock Market mediante una notificación Form 25 conforme a la Sección 12(b) del Exchange Act. La Bolsa certifica que ha seguido los procedimientos de 17 CFR 240.12d2-2 y señala que el emisor cumplió los requisitos para el retiro voluntario, lo que indica una acción formal de exclusión para esta clase de valores.
Baijiayun Group Ltd의 Class A Ordinary Shares는 Exchange Act 제12(b)조에 따른 Form 25 통지로 Nasdaq Stock Market에서의 상장 및/또는 등록이 말소될 수 있습니다. 거래소는 17 CFR 240.12d2-2 절차를 준수했음을 인증하며, 발행인이 자발적 상장폐지 요건을 충족했음을 확인하여 이 증권 등급에 대한 공식적인 상장폐지 조치임을 명시합니다.
Les Class A Ordinary Shares de Baijiayun Group Ltd sont susceptibles d'être retirées de la cotation et/ou de l'enregistrement sur le Nasdaq Stock Market par une notification Form 25 en vertu de la Section 12(b) de l'Exchange Act. La Bourse certifie avoir respecté les procédures de 17 CFR 240.12d2-2 et indique que l'émetteur a satisfait aux conditions de retrait volontaire, ce qui constitue une action formelle de radiation pour cette catégorie de titres.
Die Class A Ordinary Shares von Baijiayun Group Ltd können durch eine Form-25-Mitteilung nach Section 12(b) des Exchange Act von der Notierung und/oder Registrierung an der Nasdaq Stock Market entfernt werden. Die Börse bestätigt, dass sie die Verfahren des 17 CFR 240.12d2-2 eingehalten hat und stellt fest, dass der Emittent die Voraussetzungen für einen freiwilligen Rückzug erfüllt hat, was auf eine formelle Delisting-Maßnahme für diese Wertpapierklasse hinweist.
- Nasdaq certified compliance with 17 CFR 240.12d2-2, indicating procedural requirements were followed
- Filing notes issuer complied with voluntary withdrawal rules, showing the removal adheres to exchange and regulatory procedures
- Class A Ordinary Shares will be removed from Nasdaq listing and/or registration, representing a formal delisting action
- Delisting is likely to reduce liquidity and investor access, which is material for shareholders and market participants
Insights
TL;DR: Form 25 notifies Nasdaq removal of Baijiayun Class A shares — a materially negative development for market access and liquidity.
The filing is a formal notification to remove Baijiayun's Class A Ordinary Shares from Nasdaq listing/registration under Section 12(b). Such an action is material because exchange-listed status affects visibility, regulatory reporting obligations tied to listing, and typical liquidity for shareholders. The Exchange confirms procedural compliance with 17 CFR 240.12d2-2.
TL;DR: Nasdaq and the issuer have certified compliance with delisting procedures, but the outcome is a negative governance event for shareholders.
The document shows the Exchange followed the prescribed rule framework (referencing 17 CFR 240.12d2-2) and the issuer satisfied voluntary withdrawal provisions. From a governance perspective, voluntary or involuntary removal from a national exchange reduces shareholder access to listed-market protections and can complicate corporate oversight and investor relations.
Le Class A Ordinary Shares di Baijiayun Group Ltd sono soggette a cancellazione dalla quotazione e/o alla rimozione dalla registrazione sul Nasdaq Stock Market tramite una notifica Form 25 ai sensi della Sezione 12(b) dell'Exchange Act. Il mercato certifica di aver seguito le procedure previste da 17 CFR 240.12d2-2 e rileva che l'emittente ha soddisfatto i requisiti per il ritiro volontario, indicando un'azione formale di delisting per questa classe di titoli.
Las Class A Ordinary Shares de Baijiayun Group Ltd están sujetas a la retirada de cotización y/o a la baja de su registro en el Nasdaq Stock Market mediante una notificación Form 25 conforme a la Sección 12(b) del Exchange Act. La Bolsa certifica que ha seguido los procedimientos de 17 CFR 240.12d2-2 y señala que el emisor cumplió los requisitos para el retiro voluntario, lo que indica una acción formal de exclusión para esta clase de valores.
Baijiayun Group Ltd의 Class A Ordinary Shares는 Exchange Act 제12(b)조에 따른 Form 25 통지로 Nasdaq Stock Market에서의 상장 및/또는 등록이 말소될 수 있습니다. 거래소는 17 CFR 240.12d2-2 절차를 준수했음을 인증하며, 발행인이 자발적 상장폐지 요건을 충족했음을 확인하여 이 증권 등급에 대한 공식적인 상장폐지 조치임을 명시합니다.
Les Class A Ordinary Shares de Baijiayun Group Ltd sont susceptibles d'être retirées de la cotation et/ou de l'enregistrement sur le Nasdaq Stock Market par une notification Form 25 en vertu de la Section 12(b) de l'Exchange Act. La Bourse certifie avoir respecté les procédures de 17 CFR 240.12d2-2 et indique que l'émetteur a satisfait aux conditions de retrait volontaire, ce qui constitue une action formelle de radiation pour cette catégorie de titres.
Die Class A Ordinary Shares von Baijiayun Group Ltd können durch eine Form-25-Mitteilung nach Section 12(b) des Exchange Act von der Notierung und/oder Registrierung an der Nasdaq Stock Market entfernt werden. Die Börse bestätigt, dass sie die Verfahren des 17 CFR 240.12d2-2 eingehalten hat und stellt fest, dass der Emittent die Voraussetzungen für einen freiwilligen Rückzug erfüllt hat, was auf eine formelle Delisting-Maßnahme für diese Wertpapierklasse hinweist.
FAQ
What did Baijiayun Group Ltd (RTC) file with the SEC?
Which class of Baijiayun shares is affected?
Which exchange submitted the Form 25 for Baijiayun (RTC)?
Does the filing state compliance with specific rules?
Who signed the Form 25 on behalf of the Exchange?
