other material
confidence high
sentiment negative
materiality 0.85
Safeguard Scientifics to voluntarily delist from Nasdaq on Feb 2, 2024; plans to deregister
SAFEGUARD SCIENTIFICS INC
- Filed notice to delist common stock from Nasdaq via Form 25 on February 2, 2024.
- Delisting expected 10 days post-filing; will then file Form 15 to deregister under Exchange Act.
- After delisting, trading may occur on OTC Markets, but no guarantee of a market maker.
- Executed a 1-for-100 reverse stock split followed by 100-for-1 forward split, effective January 12, 2024.
- Board approved the delisting and deregistration plan on December 15, 2023.