Mr. Cooper's Last Day of Trading: Sold to Rocket Cos.

Mr. Cooper had its last day of trading on Tuesday after its sale to Rocket Cos. The delisting notice was announced by Nasdaq.

NASDAQ (NASDAQ:NDAQ) has announced the delisting of securities from several companies, including Mr. Cooper, following prolonged trading suspensions. The delistings affect various types of securities including common stocks, warrants, ordinary shares, units, and rights. The announcement reflects regulatory compliance issues and creates significant trading limitations for affected securities.

Mr. Cooper (NASDAQ:COOP) had its last day of trading on Tuesday after its sale to Rocket Cos. (NYSE:RKT). The delisting notice was announced by Nasdaq Mr. Cooper last day of trading today after deal with Rocket Cos.^[2]. The acquisition, approved by Mr. Cooper shareholders on September 3, involves an exchange of 11 shares of Rocket Cos. for each share of Mr. Cooper common stock held. Additionally, Mr. Cooper may declare and pay a dividend of $2 per share before the transaction.

The delistings also include Digital Brands Group, Lipella Pharmaceuticals, ZyVersa Therapeutics, Crown LNG Holdings, Brainstorm Cell Therapeutics, Wag! Group, Ontrak, TPI Composites, Embrace Change Acquisition Corp, and ModivCare. These companies represent diverse sectors including healthcare, manufacturing, energy, consumer services, retail, and SPACs Delisting of Securities from The Nasdaq Stock Market^[1].

The formal delisting follows prolonged trading suspensions, indicating these companies likely failed to meet Nasdaq's continued listing requirements. Typical causes include minimum bid price requirements, inadequate stockholders' equity, failure to file timely financial reports with the SEC, or falling below minimum market value thresholds Delisting of Securities from The Nasdaq Stock Market^[1].

For shareholders, the delisting creates significant implications. The securities will likely move to over-the-counter (OTC) markets where trading volumes typically decrease dramatically, leading to reduced liquidity, wider bid-ask spreads, and potentially lower valuations. Institutional investors often have mandates preventing ownership of non-exchange-listed securities, forcing additional selling pressure Delisting of Securities from The Nasdaq Stock Market^[1].

Additionally, delisted companies face more limited access to capital markets, reduced analyst coverage, and diminished media attention, creating challenges for future financing and growth. The clustering of multiple delistings in this announcement reflects the challenging market environment where smaller capitalization companies have struggled to maintain exchange compliance Delisting of Securities from The Nasdaq Stock Market^[1].