The First of Long Island Corporation $(FLIC)$ has announced a significant regulatory update following its recent merger. As of June 1, 2025, FLIC no longer meets the listing requirements of the Nasdaq Capital Market, prompting the company to request the suspension and removal of its common stock from Nasdaq. This move is part of the process to delist FLIC's shares and deregister them under the Securities Exchange Act of 1934. The company has submitted a notification for delisting and intends to terminate the registration of its common stock, ceasing its reporting obligations. This regulatory change follows the consummation of FLIC's merger, which led to changes in its board and executive management.
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