DelistingAug 3, 2026, 05:56 PM
Nasdaq to Delist Magnitude International Ltd. Securities
AI Summary
Nasdaq, Inc. announced that it has notified Magnitude International Ltd. that its securities will be delisted from the Nasdaq Stock Market LLC, effective August 12, 2026. This action follows a temporary trading suspension by the U.S. Securities and Exchange Commission and Nasdaq's subsequent halt of trading in December 2025. The securities will remain halted until any potential appeal by Magnitude is resolved, after which they may be eligible for trading in the over-the-counter market.
Key Highlights
- Nasdaq notified Magnitude International Ltd. of delisting of its securities.
- Delisting effective August 12, 2026, unless company appeals.
- Securities remain halted and unavailable to trade until appeal resolved.
- Trading in Magnitude's ordinary shares was halted on December 19, 2025.
- Nasdaq cited IM-5101-4 as authority for the delisting.
Price Impact
More from NDAQ