Steelcase (NYSE: SCS) to remove Class A common stock from NYSE listing
Rhea-AI Filing Summary
Steelcase Inc. is having its Class A common stock removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934. The exchange filed Form 25 and states it has followed its own rules to strike this class of securities. The company is also stated to have complied with the exchange’s rules and SEC requirements governing voluntary withdrawal of this class from listing and registration.
Positive
- None.
Negative
- None.
Insights
Steelcase’s Class A stock is being delisted from the NYSE under Section 12(b).
The New York Stock Exchange has filed Form 25 to remove Steelcase Inc. Class A common stock from listing and registration under Section 12(b) of the Exchange Act. The language notes that the exchange has complied with its own rules for striking the class of securities from listing and/or withdrawing registration.
The text also states that Steelcase has complied with the exchange’s rules and SEC requirements for voluntary withdrawal of the class from listing and registration. This points to an issuer-involved delisting process rather than an involuntary removal for non-compliance, although no reasons or future trading venue are specified in the excerpt. Actual impact on shareholders will depend on where and how the shares trade after NYSE removal, which is not detailed here.