Nasdaq announced the delisting of multiple companies' stocks due to extended suspensions without trading.
Quiver AI Summary
The Nasdaq Stock Market has announced the delisting of several companies' stocks due to their suspension from trading over the past few months. BIMI International Medical Inc. was suspended on August 22, 2024; Slam Corp. on August 27, 2024; Clover Leaf Capital Corp. on September 4, 2024; The Dixie Group, Inc. on October 3, 2024; HHG Capital Corporation on October 4, 2024; Vertex Energy, Inc. on October 8, 2024; Forza X1, Inc. on October 10, 2024; and Focus Impact BH3 Acquisition Company on October 15, 2024. All these companies have not traded on Nasdaq since their respective suspensions. Further details regarding Nasdaq's rules for delisting can be found on their website.
Potential Positives
- None
Potential Negatives
- Delisting of multiple companies, including BIMI International Medical Inc., indicates serious financial distress and non-compliance with Nasdaq listing requirements.
- Extended suspension period for all mentioned companies, suggesting prolonged operational or financial issues that may impact investor confidence.
- Negative implications for shareholder value and perception of the companies involved, as delisting often correlates with financial instability.
FAQ
What companies are being delisted from Nasdaq?
Nasdaq is delisting BIMI International Medical Inc., Slam Corp., Clover Leaf Capital Corp., The Dixie Group, HHG Capital Corporation, Vertex Energy, Inc., Forza X1, Inc., and Focus Impact BH3 Acquisition Company.
When were these stocks suspended?
The stocks were suspended between August 22, 2024, and October 15, 2024, with specific dates for each company.
Why were these stocks delisted?
The stocks were delisted after being suspended from trading on Nasdaq for an extended period.
Where can I find more information about Nasdaq's delisting rules?
More information about Nasdaq's delisting rules is available on the Nasdaq website's Rule 5800 Series section.
How can I access the Nasdaq website for updates?
You can visit the Nasdaq website for more information and updates at http://www.nasdaq.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NDAQ Insider Trading Activity
$NDAQ insiders have traded $NDAQ stock on the open market 18 times in the past 6 months. Of those trades, 1 have been purchases and 17 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:
- JEREMY SKULE (Executive Vice President) has traded it 4 times. They made 0 purchases and 4 sales, selling 36,149 shares.
- ALFRED W ZOLLAR purchased 2,542 shares.
- BRADLEY J PETERSON (Executive Vice President) has traded it 4 times. They made 0 purchases and 4 sales, selling 65,462 shares.
- PC NELSON GRIGGS (President, Capital Access Plat) has traded it 5 times. They made 0 purchases and 5 sales, selling 25,742 shares.
- COHEN TAL (President, Market Platforms) has traded it 2 times. They made 0 purchases and 2 sales, selling 10,884 shares.
- JOHN ZECCA (Executive Vice President) sold 11,000 shares.
- SELLER, LP ARGUS sold 42,804,207 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NDAQ Hedge Fund Activity
We have seen 450 institutional investors add shares of $NDAQ stock to their portfolio, and 289 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- THOMA BRAVO, L.P. removed 42,804,207 shares (-50.0%) from their portfolio in Q3 2024
- WELLINGTON MANAGEMENT GROUP LLP added 24,084,154 shares (+163.3%) to their portfolio in Q3 2024
- MIZUHO SECURITIES USA LLC added 3,970,658 shares (+13532.3%) to their portfolio in Q3 2024
- VANGUARD GROUP INC added 3,814,855 shares (+7.9%) to their portfolio in Q3 2024
- FARALLON CAPITAL MANAGEMENT LLC removed 3,744,448 shares (-49.9%) from their portfolio in Q3 2024
- TRUIST FINANCIAL CORP removed 1,992,539 shares (-67.0%) from their portfolio in Q3 2024
- STATE STREET CORP added 1,811,616 shares (+11.2%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of BIMI International Medical Inc. BIMI International Medical Inc.’s stock was suspended on August 22, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the Class A ordinary shares, unit, warrant of Slam Corp. Slam Corp.’s stock was suspended on August 27, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the Class A common stock, unit, and rights of Clover Leaf Capital Corp. Clover Leaf Capital Corp.’s stock was suspended on September 4, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of The Dixie Group, Inc. The Dixie Group, Inc.’s stock was suspended on October 3, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the ordinary shares, unit, warrant, right of HHG Capital Corporation. HHG Capital Corporation’s stock was suspended on October 4, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Vertex Energy, Inc. Vertex Energy, Inc’s stock was suspended on October 8, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Forza X1, Inc. Forza X1, Inc.’s stock was suspended on October 10, 2024 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the Class A common stock, warrant, and unit of Focus Impact BH3 Acquisition Company. Focus Impact BH3 Acquisition Company’s stock was suspended on October 15, 2024 and has not traded on Nasdaq since that time.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site:
https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series
.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
