SkyWater Technology (SKYT) common stock to be removed from Nasdaq listing
Rhea-AI Filing Summary
SkyWater Technology, Inc. is having its common stock removed from listing and/or registration on the Nasdaq Stock Market under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq states it has complied with its rules to strike this class of securities from listing and registration.
Positive
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Negative
- None.
Filing Explained
This Form 25-NSE reports removal of SkyWater’s common stock from Nasdaq listing and Section 12(b) registration; it also states that SkyWater complied with the requirements for a voluntary withdrawal, adding issuer-side compliance to Nasdaq’s certification.
Key Terms
Form 25, Section 12(b) of the Securities Exchange Act of 1934, 17 CFR 240.12d2-2(b), voluntary withdrawal of the class of securities
4 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Section 12(b) of the Securities Exchange Act of 1934 regulatory
"registration UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934"
17 CFR 240.12d2-2(b) regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"
voluntary withdrawal of the class of securities regulatory
"governing the voluntary withdrawal of the class of securities from listing"
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FAQ
What does SkyWater Technology (SKYT) disclose in this Form 25 filing?
SkyWater Technology, Inc. reports that its common stock is being removed from listing and/or registration on the Nasdaq Stock Market under Section 12(b) of the Securities Exchange Act of 1934.
Which securities of SkyWater Technology (SKYT) are affected by this delisting action?
The filing covers SkyWater Technology’s common stock. Nasdaq states it has complied with its rules to strike this class of securities from listing and/or withdraw registration on the exchange.
What regulatory basis is cited for SkyWater Technology (SKYT) being removed from Nasdaq?
The removal relies on Section 12(b) of the Securities Exchange Act of 1934 and related rules, including 17 CFR 240.12d2-2(b) and 17 CFR 240.12d2-2(c), governing delisting and withdrawal of registration.
Who submitted the Form 25 for SkyWater Technology (SKYT) and in what capacity?
The notification is signed on behalf of Nasdaq Stock Market LLC by Jennifer Fainer, identified as a CDO Analyst, certifying reasonable grounds to file Form 25 for the SkyWater Technology common stock.
Does the SkyWater Technology (SKYT) Form 25 indicate compliance with exchange rules?
Yes. Nasdaq certifies it has complied with its rules to strike the SkyWater Technology common stock from listing and/or withdraw its registration, as permitted under 17 CFR 240.12d2-2(b) and related provisions.