Brooge Energy Ltd., a Cayman Islands-based infrastructure provider, announced its decision to voluntarily delist from the Nasdaq Capital Market. The company plans to file for delisting around June 9, 2025, with the last day of trading expected on or about June 19, 2025. The decision follows a review by the Board of Directors, citing the lack of an active trading market and the high costs associated with continued disclosure and reporting requirements. After delisting, Brooge Energy intends to file a Form 15 with the SEC to suspend its reporting obligations, effective immediately upon filing, with full deregistration expected 90 days thereafter.
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