Search Results for keywords:"delisting"

The NYSE American LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC). This proposal is about changes to the company's rules that would allow for the suspension and delisting of companies if they perform large-scale reverse stock splits or if such splits cause their stock to fall below the listing standards. The SEC is considering whether to approve or reject this proposed change and has extended the deadline to make this decision until February 2, 2024.

The Environmental Protection Agency (EPA) is proposing an amendment to a previous exclusion of certain wastes from being classified as hazardous. This proposal involves American Chrome and Chemical's facility in Corpus Christi, Texas, where they wish to dispose of chromic oxide waste in an on-site surface impoundment instead of only in a landfill. The EPA's decision is based on analyzing the waste's characteristics and determining it doesn't pose a significant risk to health or the environment. Public comments on this proposal are welcomed until March 25, 2021.

The U.S. Fish and Wildlife Service has proposed removing Ute ladies'-tresses, a type of orchid, from the Federal List of Endangered and Threatened Plants. The decision is based on a review of scientific data indicating that the species has recovered enough and is no longer threatened by extinction. The proposal explains that conservation efforts and regulatory protections, along with the species' natural resilience to threats such as urban development and climate change, ensure its survival. If the rule is finalized, the legal protections under the Endangered Species Act for this plant would no longer apply, but post-delisting monitoring will be conducted to ensure the species remains secure.

Nasdaq PHLX LLC filed a proposed rule change with the Securities and Exchange Commission to remove rules associated with options on the Nasdaq-100® Volatility Index (VOLQ). These options were delisted in May 2023, and currently, there is no activity or plan to relist them. The purpose of this change is to simplify the rules for Phlx members, member organizations, and the public by eliminating outdated references. This proposal is not expected to impact competition since no trading of VOLQ options occurs on the market today.

The Securities and Exchange Commission (SEC) has approved a rule change by the New York Stock Exchange (NYSE) that restricts certain companies from using reverse stock splits to continue being listed on the exchange. This new rule targets companies that repeatedly use reverse stock splits, especially if they have done so in the past year or have a significant reverse split history in the last two years. The SEC believes this rule will help protect investors by ensuring that companies listed on the exchange are financially stable and suitable for continuing public trading. Companies can still appeal if they are delisted due to these new rules.

The U.S. Fish and Wildlife Service issued a 12-month finding regarding a petition to classify and remove the Northern Continental Divide Ecosystem (NCDE) grizzly bear population as a separate group from the endangered species list. After reviewing scientific data, they concluded that the NCDE grizzly bears do not qualify as a distinct population segment under the Endangered Species Act, which means they are not eligible for separate classification or delisting. The decision was based on the fact that the grizzly bear population in the area is growing and expanding its range, with bears moving beyond the proposed boundaries. Therefore, the action to establish and remove the NCDE group from protection is not warranted at this time.

The Securities and Exchange Commission (SEC) has approved a new rule proposed by NYSE American LLC to strengthen its listing standards for companies that conduct reverse stock splits. According to the rule, a company will face immediate suspension and delisting if it has executed one or more reverse stock splits with a cumulative ratio of 200 shares or more to one in the past two years, or if its reverse stock split makes it fall below existing listing requirements. The SEC believes this measure will help protect investors by ensuring that companies with financial difficulties do not unduly remain on the exchange by manipulating their stock prices through reverse stock splits. Companies affected by this rule still have the opportunity to challenge delisting decisions.