Mid-Southern Bancorp, Inc. Announces Voluntary Nasdaq Delisting And SEC Deregistration
Portfolio Pulse from Happy Mohamed
Mid-Southern Bancorp, Inc. (NASDAQ:MSVB) has announced its voluntary decision to delist its common stock from The Nasdaq Stock Market and deregister its common stock with the Securities and Exchange Commission (SEC). The company expects the last trading day on Nasdaq to be on August 14, 2023, and its common stock will be quoted on the OTCQX Market beginning on August 15, 2023. The decision was based on the conclusion that the significant costs and regulatory compliance burden outweigh the benefits of remaining an SEC-reporting, Nasdaq-listed company.
August 04, 2023 | 12:27 pm
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Mid-Southern Bancorp, Inc. (NASDAQ:MSVB) has decided to delist from Nasdaq and deregister with the SEC. The company's stock will be quoted on the OTCQX Market from August 15, 2023.
The decision to delist and deregister is a significant event for any company. It often leads to a decrease in the liquidity of the stock and can impact the company's ability to raise capital. This could potentially lead to a decrease in the stock price in the short term.
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