Global X Funds (SRET) files Form 25 to delist three ETFs from Nasdaq
Rhea-AI Filing Summary
Global X Funds, through Nasdaq Stock Market LLC, has filed a Form 25 to remove Global X PropTech ETF, Global X Solar ETF, and Global X Wind Energy ETF from listing and registration on Nasdaq under Section 12(b) of the Securities Exchange Act of 1934. The filing states that Nasdaq and the issuer have complied with Exchange rules and the requirements of 17 CFR 240.12d2-2(b) and 12d2-2(c) governing withdrawal of a class of securities from listing and registration.
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Insights
Nasdaq filing removes three Global X ETFs from exchange listing.
This Form 25 filing by Nasdaq Stock Market LLC covers the Global X PropTech ETF, Global X Solar ETF, and Global X Wind Energy ETF. Form 25 is the mechanism used under Section 12(b) of the Exchange Act to terminate a security’s exchange listing and registration once regulatory and exchange requirements are met.
The text notes that Nasdaq has complied with its own rules under 17 CFR 240.12d2-2(b) and that the issuer has complied with Exchange rules and 17 CFR 240.12d2-2(c) for voluntary withdrawal. This combination indicates the delisting is proceeding in line with established regulatory procedures rather than as an involuntary action disclosed here.
For investors in these specific ETFs, removal from Nasdaq generally means future trading would shift away from this exchange, though the precise timing and any subsequent trading venue or fund fate are not described in this excerpt and would typically be detailed in separate communications.
FAQ
What action is Global X Funds taking in this Form 25 filing?
Which Global X ETFs are affected by this Nasdaq delisting notice for SRET issuer Global X Funds?
Is the withdrawal of these Global X ETFs from Nasdaq voluntary?
What does a Form 25 under Section 12(b) mean for Global X Funds investors?
Who signed the Nasdaq Form 25 related to Global X ETFs?
What regulations are referenced in the Global X Funds Form 25 delisting notice?