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Bricknode applies for a delisting of its shares from Nasdaq First North Growth Market
On 14 April 2023, Bricknode Holding AB (publ) ("Bricknode") announced that it did not fulfil Nasdaq First North Growth Market's listing requirement that issuers shall be able to demonstrate ongoing business operations. Bricknode also announced that it would apply for a delisting of its shares from Nasdaq First North Growth Market if Bricknode still did not fulfil the listing requirement following a three-month period.
As of the date of this press release, Bricknode still does not fulfil the listing requirements and the board of directors of Bricknode has accordingly applied for a delisting of Bricknode's shares from Nasdaq First North Growth Market.
The last day of trading of Bricknode's shares on Nasdaq First North Growth Market will be announced as soon as Bricknode has received confirmation thereof from Nasdaq First North Growth Market. After the last day of trading of Bricknode's shares on Nasdaq First North Growth Market, Bricknode intends to initiate a redemption procedure in accordance with a previous press release (https://news.cision.com/bricknode/r/information-to-shareholders-regarding-potential-redemption-procedure-in-bricknode-holding-ab,c3803086).
The delisting will, among other things, result in that the shares in Bricknode will no longer be subject to organised trading on Nasdaq First North Growth Market and that Bricknode will no longer be obliged to provide information to the market pursuant to the Nasdaq First North Growth Market Rulebook and the EU Market Abuse Regulation. However, the ownership of the shares in Bricknode is not affected and the shareholders of Bricknode retain the rights related to their shares in Bricknode - including rights to distribution - pursuant to the Swedish Companies Act.