Sun Valley Gold sells Vista Gold (VGZ) shares worth $2.16 million
Light & Wonder, Inc. (NASDAQ:LNW) announced that its common stock was delisted from the Nasdaq Stock Market on Thursday, following the company’s filing of Form 25 with the Securities and Exchange Commission on November 3. According to the company’s statement in a press release, the delisting is part of Light & Wonder’s transition from a dual listing on Nasdaq and the Australian Securities Exchange (ASX) to a sole standard listing on the ASX.
The company stated that its common stock is expected to become deregistered under Section 12(b) of the Exchange Act 90 days after the Form 25 filing.
In connection with this transition, the Board of Directors approved an amendment and restatement of the company’s bylaws, effective November 13. The updated bylaws align with ASX listing requirements, modify the voting standard for matters other than director elections from a majority of shares represented at meetings to a majority of votes cast, conform exclusive forum provisions to Nevada law and practice, change the default for stock issuances from certificated to uncertificated shares, and include other clarifying or administrative updates.
The company filed the Fourth Amended and Restated Bylaws as an exhibit to its current report on Form 8-K. All information in this article is based on the company’s press release statement and SEC filing.
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