DelistingSep 15, 2026, 05:12 PM
zSpace to Voluntarily Delist Common Stock from Nasdaq
AI Summary
zSpace, Inc. has announced its intention to voluntarily delist its common stock from The Nasdaq Stock Market and deregister it under the Securities Exchange Act of 1934. The company plans to file a Form 25 with the SEC on or about September 25, 2026, with delisting expected to be effective around October 5, 2026. This decision follows Nasdaq's delisting determination, which the company's appeal could not overturn, and considers the substantial costs and limited benefits of continued listing amid a trading suspension since April 2026. The common stock is expected to continue trading on the OTC market.
Key Highlights
- zSpace, Inc. announced its intention to voluntarily delist its common stock from Nasdaq.
- The company will file a Form 25 with the SEC on or about September 25, 2026.
- Delisting is expected to become effective on or about October 5, 2026.
- Deregistration of common stock under Section 12(b) of the Exchange Act will terminate on or about December 24, 2026.
- The company's board of directors authorized the withdrawal on September 9, 2026.
- Trading in the common stock has been suspended on Nasdaq since April 28, 2026.
- The company's appeal of Nasdaq's delisting determination was denied on August 6, 2026.
- Common stock will continue to be quoted on the OTC market under the symbol ZSPC.
Price Impact
More from ZSPC