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25-NSE: Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities (and amendment thereto)

SEC ·  Sep 6 19:44

Summary by Futu AI

Global Gas Corp, listed on the Nasdaq Stock Market LLC, is set to be removed from listing effective at the opening of the trading session on September 16, 2024. The decision for delisting came after Nasdaq Staff reviewed information provided by Global Gas and concluded that the company no longer met the listing qualifications pursuant to Listing Rule IM-5101-2. The initial notification was given to the company on December 18, 2023. Global Gas exercised its right to appeal on December 22, 2023, but received an additional delisting determination for failing to meet initial listing requirements under Listing Rule 5505. Although the Listing Qualifications Hearings Panel granted the company's request to remain listed subject to meeting certain milestones, Global Gas failed to comply, leading to a suspension of its securities on June 25, 2024. The company did not appeal the final delisting decision, which became final on August 5, 2024.
Global Gas Corp, listed on the Nasdaq Stock Market LLC, is set to be removed from listing effective at the opening of the trading session on September 16, 2024. The decision for delisting came after Nasdaq Staff reviewed information provided by Global Gas and concluded that the company no longer met the listing qualifications pursuant to Listing Rule IM-5101-2. The initial notification was given to the company on December 18, 2023. Global Gas exercised its right to appeal on December 22, 2023, but received an additional delisting determination for failing to meet initial listing requirements under Listing Rule 5505. Although the Listing Qualifications Hearings Panel granted the company's request to remain listed subject to meeting certain milestones, Global Gas failed to comply, leading to a suspension of its securities on June 25, 2024. The company did not appeal the final delisting decision, which became final on August 5, 2024.

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