Spring Valley Acquisition Corp. III (SVAC) units to be withdrawn from Nasdaq listing
Rhea-AI Filing Summary
Spring Valley Acquisition Corp. III is having its unit securities removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq certifies that it has complied with its own rules and with 17 CFR 240.12d2-2(b) to strike this class of securities from listing. The company is also stated to have complied with the Exchange’s rules and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of the class of securities from listing and registration.
Positive
- None.
Negative
- Removal from Nasdaq listing of Spring Valley Acquisition Corp. III unit securities under Section 12(b) may materially reduce trading liquidity and public-market visibility.
Insights
SVAC units are being delisted from Nasdaq under Section 12(b).
The Nasdaq Stock Market LLC confirms removal of Spring Valley Acquisition Corp. III unit securities from listing and registration under Section 12(b) of the Exchange Act. The filing cites compliance with 17 CFR 240.12d2-2(b), which governs exchange-initiated delisting procedures.
The disclosure also notes issuer compliance with 17 CFR 240.12d2-2(c), which covers voluntary withdrawal from listing. Delisting or voluntary withdrawal typically shifts trading, if any, to over-the-counter venues and can affect liquidity and visibility, but those follow-on details are not specified here.