Nasdaq Files for Delisting of SolarCity (SCTY) Shares
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SolarCity (Nasdaq: SCTY) shares are halted early for information. The Nasdaq Stock Market filed a Form 25 with the U.S. SEC on Monday, which is a Notification of Removal from Listing and Registration.
The Nasdaq checked the box for 17 CFR 240.12d2-2(a)(3), which is:
"The instruments representing the securities comprising the entire class have come to evidence, by operation of law or otherwise, other securities in substitution therefor and represent no other right, except, if such be the fact, the right to receive an immediate cash payment (the right of dissenters to receive the appraised or fair value of their holdings shall not prevent the application of this provision)."
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