Westin Acquisition (NASDAQ: WSTN) faces Nasdaq Form 25 on unit listing
Rhea-AI Filing Summary
Westin Acquisition Corp has a Form 25 filed by Nasdaq Stock Market LLC to remove a class of its securities from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. The document is an amended Form 25 for the company’s unit securities and notes that 17 CFR 240.12d2-2(a)(2) does not apply, stating the unit has not been redeemed and should continue trading. Nasdaq certifies it has reasonable grounds to believe it meets all requirements for filing this notification, and the form is signed on its behalf by a director.
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Insights
Nasdaq filed a Form 25 to remove a Westin Acquisition unit class from listing and/or registration.
Nasdaq Stock Market LLC submitted a Form 25 for Westin Acquisition Corp covering a unit security, stating it is a notification of removal from listing and/or registration under Section 12(b) of the Exchange Act. This is an amended Form 25, which can indicate updates or corrections to an earlier delisting notice.
The text specifies that 17 CFR 240.12d2-2(a)(2), which relates to certain redemption events, does not apply and that the unit has not been redeemed and should continue trading. At the same time, the standard Form 25 language confirms that the exchange and/or issuer has complied with applicable rules for striking the class of securities from listing or for voluntary withdrawal.
For investors, the key point is that a formal delisting/withdrawal process is being referenced for this unit class, while also noting that the unit itself has not been redeemed. The actual impact will depend on how the exchange and issuer implement this notification and any subsequent updates in later disclosures.
FAQ
What does the Westin Acquisition Corp Form 25 filing involve for WSTN?
The Form 25 shows that Nasdaq Stock Market LLC has filed a notification to remove a class of Westin Acquisition Corp securities from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. It is identified as an amended Form 25 for the company’s unit securities.
Which Westin Acquisition Corp security is referenced in this Form 25?
The filing is described as an Amended Form 25 for Unit, indicating it applies to a unit security of Westin Acquisition Corp. The narrative states that this unit has not been redeemed and should continue trading, even as the Form 25 addresses removal from listing and/or registration.
Who filed the Form 25 related to Westin Acquisition Corp on Nasdaq?
The notification is made by Nasdaq Stock Market LLC, which certifies that it has reasonable grounds to believe it meets all requirements for filing Form 25. The document is signed on Nasdaq’s behalf by Tara Petta, identified as a director.
What regulatory rule does the Westin Acquisition Corp Form 25 cite?
The document references removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934 and cites 17 CFR 240.12d2-2, including provisions for both exchange-initiated striking of a class and issuer-initiated voluntary withdrawal.
Does the Form 25 say the Westin Acquisition unit has been redeemed?
No. The text specifically states that for this Amended Form 25 for Unit, 17 CFR 240.12d2-2(a)(2) does not apply, and that the unit has not been redeemed and should continue trading, even though the form itself is a notification of removal from listing and/or registration.
Where is Westin Acquisition Corp’s principal executive office located?
The principal executive office address for Westin Acquisition Corp is given as Suite 1165-L, 3 Coleman Street #03-24, Singapore 179804, with a listed telephone number of +65 9488 4425.