Grindrod Shipping Reports Voluntary Delisting From Nasdaq Global Select Market; Delisting To Be Effective Before The Opening Of Nasdaq On August 26, 2024
Portfolio Pulse from Benzinga Newsdesk
Grindrod Shipping announced its intention to voluntarily delist its ordinary shares from the NASDAQ Global Select Market. The delisting is set to be effective before the opening of Nasdaq on August 26, 2024, with a Form 25 to be filed on August 16, 2024.
August 06, 2024 | 9:32 am
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Grindrod Shipping (GRIN) announced its voluntary delisting from the NASDAQ Global Select Market, effective August 26, 2024. The company will file a Form 25 with the SEC on August 16, 2024.
The voluntary delisting of Grindrod Shipping from NASDAQ is likely to negatively impact the stock price in the short term as it reduces the stock's liquidity and may lead to selling pressure from investors who prefer to hold NASDAQ-listed securities.
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