Finding pending delisting or suspension of a ticker

Q

Quanto

Before placing an order you better should check whether the stock is in danger of getting soon suspended or even get delisted!... :-)

Here are some useful links for testing for pending delisting, and also researching SEC filings for the reasons etc.:
https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
https://www.sec.gov/edgar/searchedgar/companysearch

OTC tickers:
https://www.otcmarkets.com/research/stock-screener (click on "Download Data" to get a CSV list)
https://stockscan.io/otc-stocks

If a ticker gets delisted then it usually moves to the OTC market (Over-The-Counter) under a new ticker and continues trading there.
BUT: the options usually continue using the old underlying ticker, but the options become "Non Standard" (NS), meaning only current holders can continue trading it...

If you have other such related useful links (for example for NYSE, AMEX etc), please post here.
The first link above is for NASDAQ tickers pending delisting or suspension.
 
Here's an example showing the recent delisting process of NSTG.
The new ticker is NSTGQ (see announcement below).
As said, the options become Non Standard (NS) and continue using the old ticker (NSTG).

Example about NSTG stock delisting and moving to OTC
(was announced on 2024-02-05-Mo, effective for 2024-02-14-We, ie. in 10 days or so):
https://www.sec.gov/ixviewer/ix.htm.../1401708/000140170824000019/nstg-20240205.htm
...
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On February 5, 2024, the Company received written notice (the “Delisting Notice”) from the staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, as a result of the Bankruptcy Petitions and in accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1, the staff of Nasdaq had determined that the Company’s common stock (the “Securities”) will be delisted from Nasdaq. In the Delisting Notice, the staff of Nasdaq referenced concerns about the Company’s ability to sustain compliance with all requirements for continued listing on Nasdaq, concerns regarding the residual equity interest of the existing listed securities holders and public interest concerns related to the Bankruptcy Petitions. The Delisting Notice also indicates that the Company may appeal Nasdaq’s determination pursuant to procedures set forth in Nasdaq Listing Rule 5800 Series.
The Company will not appeal this determination.
Trading of the Securities will be suspended at the opening of business on February 14, 2024 and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Securities from listing and registration on Nasdaq.
As a result, the Securities are expected to begin trading on the over-the-counter (“OTC”) market on February 14, 2024.
On the OTC market, shares of the Company’s common stock, which previously traded on the Nasdaq under the symbol NSTG, are expected to trade under the symbol NSTGQ.
...
More...
 
Last edited:
How to make practical use of the above said information and facts:
Since such a pending delisting has first to be announced by the exchange,
and then takes about 10 days, it means trading DTE < 10 would be relatively safe... :) (depending on the strategy)
 
You must log in or register to reply here.
Back
Top