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Started By
Message
Pfizer files SEC form 25 to delist from Stock Exchanges
Posted on 3/10/22 at 7:39 am
Posted on 3/10/22 at 7:39 am
What is it?
quote:
SEC Form 25 is for firms that wish to delist from a stock exchange.
Why, you ask?
quote:
Compliance costs for SEC disclosure requirements cost businesses millions of dollars annually.
Going private is when a company liquidates its shares and delists from the exchange.
Going dark is when a company moves from a major exchange to the Pink Sheets.
The SEC major disclosure forms are 10-K for annual, 10-Q for quarterly, and 8-K for current reports.
Sooo...
quote:
You file a form 25 if your shares are worthless, or if you want to go private or IF YOU NO LONGER WANT TO BE SUBJECT TO STRICT REPORTING REQUIREMENTS
This post was edited on 3/10/22 at 7:41 am
6
Posted on 3/10/22 at 7:49 am to browl
It is my understanding that most of the time this is done it's because a company is merging, thus meaning one company will swallowed and will not longer exist as a seperate entity.
Or if two companies will merge the two will file this and form what is called in jargon "newco".
Or if two companies will merge the two will file this and form what is called in jargon "newco".
Posted on 3/10/22 at 7:51 am to browl
You might also file it if a listed security you issued, like a 0.250% note due in 2022, was maturing, and no longer needed to be listed.
This post was edited on 3/10/22 at 7:53 am
Posted on 3/10/22 at 8:05 am to jacobforpresident
Exactly. Read the rule they are submitting because of...
quote:
17CFR 40 12.d.2.a.2 The entire class of the security has been redeemed or paid at maturity or retirement
Posted on 3/10/22 at 8:51 am to jacobforpresident
(no message)
This post was edited on 8/23/22 at 11:32 am
Posted on 3/10/22 at 9:01 am to browl
Nice to see some hot debenture-related content here.
I'm not your standard poor. If I can't read about bonds I get moody.
I'm not your standard poor. If I can't read about bonds I get moody.
Posted on 3/10/22 at 9:02 am to browl
Doesn't necessarily mean a thing really.
Dad retired from Citgo.
In the 80s the Southland Corp. bought Citgo. Southland was the owner of 7-11. After the old man of the family died the heirs bought back all the stock, delisted Southland, eventually dissolved it, and split their inheritance. (think maybe a couple of the kids retained the name "Southland" and operate as a small private corp. now. It was Southland that sold Citgo to Venezuela.)
Dad retired from Citgo.
In the 80s the Southland Corp. bought Citgo. Southland was the owner of 7-11. After the old man of the family died the heirs bought back all the stock, delisted Southland, eventually dissolved it, and split their inheritance. (think maybe a couple of the kids retained the name "Southland" and operate as a small private corp. now. It was Southland that sold Citgo to Venezuela.)
Posted on 3/10/22 at 9:08 am to Sidicous
If I can't read about bonds I get moody.
ISWYDT
ISWYDT
Posted on 3/10/22 at 9:17 am to browl
You didn’t even bother to read the screenshot you posted, did you? You just ran here after you saw it on Twitter.
I swear I’ll never leave this place because of the lulz you dumbasses bring
I swear I’ll never leave this place because of the lulz you dumbasses bring
This post was edited on 3/10/22 at 9:21 am
Posted on 3/10/22 at 9:18 am to browl
The PT people have discovered SEC reporting, this should be good
Posted on 3/10/22 at 10:16 am to Eurocat
It was merged with the govt. machine to suckle from the tax payer teet from here to kingdom come.
Posted on 3/10/22 at 10:34 am to Cocotheape
quote:
The PT people have discovered SEC reporting, this should be good
They did yesterday and it got whacked.
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