Spirit AeroSystems (SPR) faces NYSE delisting of Class A Common Stock
Rhea-AI Filing Summary
Spirit AeroSystems Holdings, Inc. has had its Class A Common Stock targeted for removal from listing and registration on the New York Stock Exchange. The exchange submitted a Form 25 under Section 12(b) of the Securities Exchange Act of 1934, stating it has complied with its own rules for striking the class of securities from listing and/or withdrawing their registration. This action means the company’s common stock will no longer trade on the NYSE once the process is complete and will instead have to trade on another venue if available, which can affect trading liquidity and visibility for shareholders.
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- Spirit AeroSystems’ Class A Common Stock is being removed from NYSE listing and Section 12(b) registration, which can reduce liquidity and market visibility for shareholders.
Insights
NYSE has initiated removal of Spirit AeroSystems’ common stock from listing, a clearly adverse market event.
The filing shows that the New York Stock Exchange has submitted a Form 25 for Spirit AeroSystems Holdings, Inc. covering its Class A Common Stock under Section 12(b) of the Exchange Act. The exchange certifies that it has followed its own rules to strike this class of securities from listing and/or withdraw registration on the exchange.
Removal from a major exchange typically reduces trading liquidity and can make it harder for some institutional investors to hold or trade the stock, because many mandates require listings on a primary national exchange. The filing also references provisions for voluntary withdrawal by the issuer, but the excerpt does not clarify which specific subsection is being relied upon.
Once the removal from listing and registration is effective, Spirit AeroSystems’ Class A Common Stock will no longer trade on the NYSE. Any future trading arrangements, such as quotation on an over-the-counter market, would depend on separate steps outside the scope of this notification.