Safeguard Scientifics' Board Approves Plan To Voluntarily Terminate Registration of Its Common Stock With SEC And Voluntarily Delist From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Safeguard Scientifics' board has approved a plan to voluntarily terminate the registration of its common stock with the SEC and voluntarily delist from Nasdaq.
October 05, 2023 | 9:01 pm
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Safeguard Scientifics' decision to delist from Nasdaq and terminate its common stock registration with the SEC could potentially impact the liquidity and price of its shares.
Delisting from a major exchange like Nasdaq can reduce the liquidity of a stock, making it harder for investors to buy or sell shares. This can lead to increased price volatility. Additionally, terminating registration with the SEC means the company will no longer be required to file certain reports, potentially reducing transparency for investors.
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