THTX submits Form 25; Nasdaq and issuer state compliance
Rhea-AI Filing Summary
Theratechnologies Inc. submitted a Form 25 notice (Commission File No. 001-35203) indicating removal of its class of securities from listing and/or registration on the Nasdaq Stock Market LLC. The filing states the Exchange has complied with the rules for striking the securities and that the issuer has complied with voluntary withdrawal requirements. Contact and address details for the issuer are provided.
Positive
- Exchange certified compliance with rules to strike the securities from listing
- Issuer complied with Nasdaq requirements for voluntary withdrawal
Negative
- Removal from Nasdaq listing may materially reduce liquidity and visibility for the securities
- Form 25 filed signals that shares will no longer trade on Nasdaq once the delisting is effective
Insights
Form 25 notifies removal of listing; exchange and issuer state procedural compliance.
The filing documents a formal notification to delist the class of securities for Theratechnologies from the Nasdaq Stock Market LLC using Form 25. It records that the Exchange believes it met rule requirements and that the issuer complied with voluntary withdrawal procedures.
Near term, this change affects trading venue and likely liquidity; monitor official exchange notices for the effective delisting date and any separate investor communications for details on transfer or quoting arrangements.