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Investing.com -- S&W Seed Company (NASDAQ:SANW) stock tumbled 24.1% after the agricultural company announced plans to voluntarily delist from the Nasdaq Capital Market and deregister with the Securities and Exchange Commission.
The Longmont, Colorado-based company said its board of directors approved the decision following consideration of several factors, including likely future non-compliance with Nasdaq’s continued listing requirements. S&W intends to file a Form 25 with the SEC on or about July 24, 2025, with the delisting expected to become effective 10 days after filing.
Following the delisting, the company plans to file a Form 15 with the SEC on or about August 4, 2025, to suspend its reporting obligations under the Securities Exchange Act of 1934. This will terminate S&W’s obligation to file certain SEC reports including Forms 10-K, 10-Q, and 8-K.
The company cited personnel resources, costs, and regulatory burdens associated with ongoing reporting requirements as additional factors in its decision. S&W also referenced previously disclosed events of default under certain credit facilities and employee terminations described in a Form 8-K filed June 23, 2025.
S&W has not arranged for listing on another national securities exchange. Following delisting, the company’s common stock may be eligible for quotation on the Pink Open Market operated by OTC Markets Group if a market maker sponsors the security, though S&W stated it cannot provide assurances that a trading market will exist.
Founded in 1980, S&W is a global multi-crop agricultural company.
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