InvestorsHub Logo
Followers 738
Posts 76159
Boards Moderated 0
Alias Born 01/01/2012

Re: Capt_Smith77 post# 198405

Monday, 06/03/2024 9:06:16 PM

Monday, June 03, 2024 9:06:16 PM

Post# of 198993
Here you go:

When a stock is delisted from a major exchange like Nasdaq, it typically takes around 10 calendar days for it to start trading over-the-counter (OTC) on platforms like the OTC Bulletin Board (OTCBB) or the Pink Sheets.

The process is as follows: After being notified of delisting, the company has 10 calendar days to file a Form 25 with the Securities and Exchange Commission (SEC), which is the official notification of removal from listing and registration. Once the Form 25 is filed, the stock is officially delisted and can begin trading OTC on the next business day.

However, there can be some variability in the exact timing depending on factors like whether the delisting was voluntary or involuntary, and how quickly the company files the required paperwork. In general though, the transition from a major exchange to the OTC markets takes around 10 calendar days from the delisting notification"

SAGA filed the 25 NSE on 2024-04-09.

And SAGA still isn't trading on the OTC.

IG

The First Casualty of Emotion is Reason.