YogaWorks announces delisting from Nasdaq
YogaWorks announced that the company has determined it to be in its best interests to proceed with plans to remove its common stock from listing on The NASDAQ Stock Market and will file an application on Form 25, Notification of Removal From Listing and/or Registration Under Section 12b of the Securities Exchange Act of 1934. The decision was based on the company's current financial situation, taking into account the fact that the company's common stock is held by relatively few holders and there is limited trading of the company's common stock on NASDAQ. The removal of the stock from listing on NASDAQ will become effective on Monday, July 22, 2019. The company will once again operate as a private company, as it did prior to its IPO. The company's duty to file any reports under Section 13a of the Exchange Act and the rules and regulations thereunder as a result of the security's registration under Section 12b of the Exchange Act shall be suspended upon the effective date of the delisting.