In a recent move that could lead to a positive shift in the market dynamic, Nasdaq, Inc. (Nasdaq: NDAQ) has announced a quarterly dividend of $0.22 per share on the company's outstanding common stock, affirming its commitment to providing a steady return for its shareholders. The dividend is set to be made payable on March 28, 2024, to all shareholders of record at the close of business on March 14, 2024. The declaration was announced by Nasdaq's Board of Directors and is viewed positively as a significant move contributing to the overall growth trajectory of the company. This also posits Nasdaq favorably in the eyes of investors who are on the lookout for reliable sources of income via dividends.
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Delisting of Securities from The Nasdaq Stock Market: An Examination of Genesis Growth Tech Acquisition Corp. and Other Companies In a recent press release, The Nasdaq Stock Market announced its decision to delist the securities of several companies, including Genesis Growth Tech Acquisition Corp., Financial Strategies Acquisition Corp., Kiromic BioPharma, Inc., Infinity Pharmaceuticals, Inc., Molekule Group, Inc., EBET, Inc., Shift Technologies, Inc., Ontrak, Inc., RVL Pharmaceuticals plc, Biocept, Inc., Akumin Inc., Appreciate Holdings, Inc., Liberty TripAdvisor Holdings, Inc., Tempo Automation Holdings, Inc., Medicenna Therapeutics Corp., RiceBran Technologies, and Acer Therapeutics Inc. The decision to delist Genesis Growth Tech Acquisition Corp. stems from its securities being suspended on July 25, 2023, and subsequent non-trading on The Nasdaq Stock Market. This development indicates challenges faced by the company and potential concerns among investors. This news comes in the backdrop of Nasdaq Inc. declaring a $0.22 per share quarterly dividend on October 18, 2023 - a move highlighting the financial strength and commitment to rewarding investors. With 490 million shares outstanding and a current price of $55.3, Nasdaq Inc. has been able to demonstrate resilience in the face of market fluctuations, bolstering confidence among shareholders. Delisting from The Nasdaq Stock Market could have significant implications for the companies involved. Genesis Growth Tech Acquisition Corp. and the other affected companies will now be excluded from trading on the prestigious stock exchange. This loss of listing can result in decreased liquidity and reduced access to capital, potentially hampering growth and expansion efforts. Additionally, delisting may impact investor confidence, leading to a decline in share prices as investors seek alternative investment opportunities.
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