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Monday, July 12, 2021 8:25:29 AM
Barring amendment by the filer or comment by the Commission, the process for deregistration operates by the passage of time for each class of securities being deregistered. Ten days after filing a Form 25, delisting for the applicable class of securities will be effective—stopping any remaining trading of the securities on the exchange and suspending the company’s reporting obligations under Section 13(a) (but not other Sections of the Exchange Act, as discussed below). Ninety days after filing Form 25, deregistration under Section 12(b) will be effective and the company’s reporting obligations under Section 13(a) will be terminated.[22] Ninety days after filing Form 15, deregistration under Section 12(g) will be effective and registration under Section 15(d) will be suspended—suspending the company’s remaining reporting obligations under the Exchange Act.
https://www.paulhastings.com/insights/client-alerts/find-your-way-through-the-delisting-and-deregistration-door-steps-for-acquired-public-companies-to-terminate-and-suspend-exchange-act-reporting-requirements
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