Olympic Steel (ZEUS) common stock set for removal from Nasdaq listing
Rhea-AI Filing Summary
Olympic Steel Inc. is being removed from the Nasdaq Stock Market. Nasdaq Stock Market LLC has filed a Form 25 to strike Olympic Steel’s common stock from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934.
The notification states that the exchange has complied with its rules for removing the security, and that the issuer has complied with the exchange’s rules and SEC requirements governing the voluntary withdrawal of the common stock from listing and registration.
Positive
- None.
Negative
- Delisting from Nasdaq: Olympic Steel Inc.’s common stock is being removed from listing and/or registration on the Nasdaq Stock Market under Section 12(b), which typically reduces trading visibility and liquidity for the affected shares.
Insights
Olympic Steel’s common stock is being delisted from Nasdaq.
The document shows that Olympic Steel Inc. common stock will be removed from listing and/or registration on the Nasdaq Stock Market LLC via a Form 25 under Section 12(b) of the Exchange Act. This formally ends Nasdaq listing for that class of shares.
The text notes that the exchange has followed its own rules to strike the security and that the issuer has complied with exchange and SEC requirements for voluntary withdrawal. The notification is signed on Nasdaq’s behalf, confirming its certification that filing requirements are met.
For shareholders, this means trading will no longer occur on Nasdaq for this class of common stock once the delisting process is effective. Future disclosures in company communications or subsequent filings may clarify where or how the shares trade after removal.