Zynex (NASDAQ: ZYXI) moves to remove Nasdaq listing
Rhea-AI Filing Summary
Zynex Inc. is removing its common stock from listing and registration on the Nasdaq Stock Market under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq filed a Form 25, certifying it has complied with its own rules to strike this class of securities from listing and/or withdraw registration on the exchange. The filing also states that Zynex has complied with the exchange’s rules and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of this class of securities.
Positive
- None.
Negative
- Zynex common stock is being removed from listing and registration on Nasdaq via Form 25 under Section 12(b), ending its status as a Nasdaq-listed security.
Insights
Zynex’s common stock is being removed from Nasdaq listing and registration, a materially adverse listing-status change.
The filing shows that Zynex Inc. common stock will be removed from listing and registration on the Nasdaq Stock Market LLC through a Form 25 under Section 12(b) of the Exchange Act. Nasdaq certifies that it has complied with its rules to strike this class of securities from listing and/or withdraw registration.
The language also notes that Zynex has complied with the exchange’s rules and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of this class of securities. This represents a significant change in the company’s status as a Nasdaq-listed issuer. Actual effects will depend on subsequent corporate and trading arrangements disclosed in future company communications.