Delisting of Securities of Minim, Inc. from The Nasdaq Stock Market

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The Nasdaq Stock Market has announced the delisting of Minim, Inc.’s common stock. The company’s securities have been suspended since July 24, 2024, with no trading activity on Nasdaq since then. The delisting process will be completed through a Form 25 filing with the SEC, becoming effective ten days after filing. The securities may continue trading on other venues, subject to the company’s public filings and direct communications.

Il Nasdaq Stock Market ha annunciato la cancellazione dalla quotazione delle azioni ordinarie di Minim, Inc.. I titoli della società sono stati sospesi dal 24 luglio 2024, senza alcuna attività di trading su Nasdaq da allora. Il processo di cancellazione sarà completato tramite un modulo 25 da presentare alla SEC, che diventerà effettivo dieci giorni dopo la presentazione. I titoli potrebbero continuare a essere negoziati in altri mercati, soggetti alle comunicazioni pubbliche della società e alle comunicazioni dirette.

El Nasdaq Stock Market ha anunciado la exclusión de las acciones comunes de Minim, Inc.. Los valores de la empresa han estado suspendidos desde el 24 de julio de 2024, sin actividad de negociación en Nasdaq desde entonces. El proceso de exclusión se completará mediante la presentación de un Formulario 25 ante la SEC, que entrará en vigor diez días después de la presentación. Los valores pueden seguir negociándose en otros lugares, sujetos a las presentaciones públicas de la empresa y a las comunicaciones directas.

Nasdaq 주식시장이 Minim, Inc.의 보통주 상장 폐지를 발표했습니다. 이 회사의 증권은 2024년 7월 24일 이후로 거래가 중단되었으며, 이후 Nasdaq에서의 거래 활동이 없었습니다. 상장 폐지 절차는 SEC에 Form 25를 제출하여 완료되며, 제출 후 10일 후에 효력이 발생합니다. 증권은 회사의 공시 및 직접 커뮤니케이션에 따라 다른 장소에서 계속 거래될 수 있습니다.

Le Nasdaq Stock Market a annoncé le retrait des actions ordinaires de Minim, Inc.. Les titres de la société ont été suspendus depuis le 24 juillet 2024, sans aucune activité de négociation sur le Nasdaq depuis lors. Le processus de retrait sera finalisé par le dépôt d’un formulaire 25 auprès de la SEC, devenant effectif dix jours après le dépôt. Les titres peuvent continuer à être négociés sur d’autres plateformes, sous réserve des dépôts publics de la société et des communications directes.

Die Nasdaq Stock Market hat die Delistung der Stammaktien von Minim, Inc. bekannt gegeben. Die Wertpapiere des Unternehmens sind seit dem 24. Juli 2024 ausgesetzt, ohne dass es seitdem Handelsaktivitäten an der Nasdaq gegeben hat. Der Delistungsprozess wird durch die Einreichung eines Formblatts 25 bei der SEC abgeschlossen, das zehn Tage nach der Einreichung wirksam wird. Die Wertpapiere können weiterhin an anderen Handelsplätzen gehandelt werden, vorbehaltlich der öffentlichen Meldungen und direkten Kommunikation des Unternehmens.

Negative

Complete delisting from Nasdaq Stock Market
Trading suspension since July 24, 2024

Insights

The delisting of Minim from Nasdaq represents a significant negative development that severely impacts the company’s market accessibility and investor confidence. The suspension since July 2024 and subsequent delisting procedure indicates serious compliance or financial issues. This action typically results in the stock moving to over-the-counter (OTC) markets, which means reduced liquidity, lower trading volumes and decreased institutional investor interest.

For existing shareholders, this development typically leads to substantial value erosion and increased difficulty in trading their positions. The delisting also makes it harder for the company to raise capital in the future and may trigger debt covenants or other contractual obligations. Companies that move from major exchanges to OTC markets often face increased scrutiny from stakeholders and potential long-term viability concerns.

10/23/2024 – 04:05 PM

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) — The Nasdaq Stock Market announced today that it will delist the common stock of Minim, Inc. Minim, Inc.’s securities were suspended on July 24, 2024, and have not traded on Nasdaq since that time.

Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed. For news and additional information about the company, including the basis for the delisting and whether the company’s securities are trading on another venue, please review the company’s public filings or contact the company directly.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

FAQ

Why is Minim Inc being delisted from NASDAQ?

The press release does not specify the exact reason for delisting. Investors should refer to Minim’s public filings or contact the company directly for detailed information about the basis for delisting.

When will Minim’s delisting from NASDAQ become effective?

The delisting will become effective ten days after Nasdaq files the Form 25 with the Securities and Exchange Commission.

Can Minim stock still be traded after NASDAQ delisting?

While the stock is no longer trading on Nasdaq since July 24, 2024, it may potentially trade on other venues. Investors should review the company’s public filings or contact Minim directly for information about alternative trading venues.