Sotherly Hotels (SOHO) to have common stock removed from Nasdaq listing
Rhea-AI Filing Summary
Sotherly Hotels 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 filed a Form 25, certifying it has met the requirements to strike this class of securities from listing.
The filing also references rules governing voluntary withdrawal of a class of securities from listing and registration, indicating that applicable exchange and regulatory procedures have been followed.
Positive
- None.
Negative
- None.
Insights
Sotherly Hotels is transitioning its common stock off the Nasdaq exchange.
This Form 25 indicates that Sotherly Hotels Inc. common stock will be removed from listing and/or registration on Nasdaq under Section 12(b) of the Exchange Act. Nasdaq certifies it has followed its internal rules and applicable SEC regulations for this action.
The text cites provisions for both exchange-initiated removal and issuer voluntary withdrawal, signaling that procedural requirements under 17 CFR 240.12d2-2 have been observed. Future disclosures in company filings may clarify where and how the shares trade following this delisting.