ChampionX Corporation has announced regulatory changes following a merger, leading to the delisting of its common stock from the Nasdaq Stock Market. The company has requested Nasdaq to suspend trading and file a Form 25 with the SEC to effect the delisting. Additionally, ChampionX plans to file a Form 15 with the SEC to deregister its common stock under the Securities Exchange Act of 1934 and suspend its reporting obligations. This move comes as part of the company's strategic actions following the merger, which has led to changes in control and the termination of its credit agreement.
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