Opthea to Voluntarily Delist American Depositary Shares From Nasdaq

MT Newswires Live
4 hours ago

Opthea (ASX:OPT) notified Nasdaq that it plans to voluntarily delist its American depositary shares representing its ordinary shares, according to a Thursday Australian bourse filing.

Opthea no longer has an audit committee that meets Nasdaq's audit committee composition requirements. Concentrating trading on the Australian bourse will simplify governance, reduce expenditure, and align its structure with its operational and strategic priorities, per the firm.

It expects to file a Form 25 with the US Securities and Exchange Commission to effect the delisting on or about Nov. 10. Opthea anticipates that the last day of trading of its American depositary shares on Nasdaq will be on or about Nov. 19.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10