Willow Lane Acquisition Corp. (NASDAQ: WLAC) removes Class A shares, warrants and units
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Willow Lane Acquisition Corp. notified Nasdaq of the removal of its Class A ordinary shares, warrants and units from listing and registration on the Nasdaq Stock Market. The filing states the Exchange has struck the class from listing and the issuer complied with the Exchange's rules governing voluntary withdrawal.
Positive
- None.
Negative
- None.
Key Figures
Commission File Number: 001-42400
Expiry/Date referenced: March 31, 2018
2 metrics
Commission File Number
001-42400
Form 25 cover data
Expiry/Date referenced
March 31, 2018
document header expiry line
Key Terms
Form 25, strike the class of securities, voluntary withdrawal
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
strike the class of securities regulatory
"Exchange has complied with its rules to strike the class of securities from listing"
voluntary withdrawal regulatory
"the Issuer has complied with its rules ... governing the voluntary withdrawal"
FAQ
What did Willow Lane Acquisition Corp. (WLAC) file with the SEC?
Willow Lane Acquisition Corp. filed a Form 25 notifying the SEC that its Class A ordinary shares, warrants and units were removed from Nasdaq listing. The filing states both the Exchange and the issuer complied with the rules governing voluntary withdrawal.
Does the Form 25 mean WLAC was delisted involuntarily?
No. The Form 25 states the issuer complied with Nasdaq rules governing a voluntary withdrawal and the Exchange complied with the rules to strike the class from listing. The filing describes the withdrawal as following the Exchange and issuer procedures.
Which classes of securities did WLAC remove from Nasdaq?
The filing lists Class A ordinary shares, warrants and units as the classes removed from Nasdaq listing. The Form 25 notification covers those specific security classes and records the Exchange's action to strike them from listing.
Who signed the Form 25 on behalf of Nasdaq for WLAC's removal?
The Form 25 was signed on behalf of Nasdaq Stock Market LLC by Jennifer Fainer, identified as a CDO Analyst. The filing includes a certification that the Exchange had reasonable grounds to file the Form 25.