Crown LNG Holdings Ltd., a private limited company based in Jersey, Channel Islands, is set to be delisted from The Nasdaq Stock Market. This decision follows the company's noncompliance with certain Nasdaq listing rules. As a result, trading of its ordinary shares will be suspended at the open of trading on July 17, 2025. Crown LNG Holdings Ltd. has decided not to request a review of this decision, citing various factors such as the need for a seamless transition and potential resource expenditures in addressing compliance issues. The company plans to move its ordinary shares to the over-the-counter markets as an interim measure to resume trading. Additionally, the company's board is evaluating whether to implement a previously approved reverse share split.
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