ZVSA Form 25: Nasdaq Delisting Notice Filed
Rhea-AI Filing Summary
ZyVersa Therapeutics, Inc. (ZVSA) submitted a Form 25 notice indicating removal of its securities from listing and/or registration on the Nasdaq Stock Market LLC. The filing identifies the issuer's principal office in Weston, Florida, and provides a contact telephone number. The form lists the regulatory provisions for voluntary or exchange-initiated delisting under 17 CFR 240.12d2-2 and certifies Nasdaq's compliance with the rule for striking the class from listing and/or registration.
Positive
- None.
Negative
- Filing notifies removal of securities from Nasdaq listing/registration
- Form lacks an explicit effective date or explanation for the removal
Insights
Form 25 notifies removal from Nasdaq; this is a material market event.
The filing documents that the issuer's securities will be struck from listing and/or registration on the Nasdaq Stock Market LLC under the cited 17 CFR 240.12d2-2 provisions. Removal may follow either an exchange determination or a voluntary withdrawal route, both referenced in the notice.
Delisting affects trading venue and regulatory status immediately after processing; investors and counterparties typically update trading arrangements within days to weeks. Monitor formal delisting effective date and any subsequent transfer to an alternative trading market.
The notice certifies Nasdaq compliance but provides no reasoning or effective date.
The form certifies that Nasdaq has ‘‘reasonable grounds’’ to file Form 25 and references exchange compliance with rule procedures. It does not disclose the cause (e.g., failure to meet listing standards) nor an explicit removal/effective date.
Key near-term items to watch are any follow-up filings that state the delisting effective date, shareholder notices, or filings that explain whether the removal is voluntary or exchange-initiated.