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Delisting of Securities of Patria Latin American Opportunity Acquisition Corp.; Trevena, Inc.; Seelos Therapeutics, Inc.; DP Cap Acquisition Corp I; Chain Bridge I; Qomolangma Acquisition Corp.; Gaucho Group Holdings, Inc.; Mountain Crest Acquisition Corp. V; and bleuacacia ltd from The Nasdaq Stock Market

1. Nasdaq will delist multiple companies' securities due to trading suspensions. 2. Patria Latin American Opportunity Acquisition Corp. shares suspended since March 19, 2025. 3. Trevena, Inc. and Seelos Therapeutics, Inc. also face delisting after trading suspensions. 4. Other companies like Qomolangma and Gaucho Group face similar delisting actions. 5. Nasdaq's rules on delisting are articulated in the Nasdaq Rule 5800 Series.

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Why Neutral?

These delistings indicate volatility in the market but do not directly affect Nasdaq's overall value. Historical instances show that delistings sometimes precede increased market stability in more resilient stocks.

How important is it?

While the article deals with delistings which may impact investor confidence, Nasdaq itself remains a major trading platform. How Nasdaq handles these delistings can affect its reputation, but the direct financial impact is expected to be limited.

Why Short Term?

The immediate effects on investor sentiment could be observed right after the news; however, they are not likely to affect Nasdaq's long-term stability.

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TREVSEELDPCACBRGQOMGAUCMCABLEU
March 26, 2025 16:05 ET  | Source: Nasdaq, Inc. NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the Class A Ordinary Shares, unit, and warrant of Patria Latin American Opportunity Acquisition Corp. Patria Latin American Opportunity Acquisition Corp.’s Class A ordinary shares were suspended on March 19, 2025. On November 18, 2024, Patria Latin American Opportunity Acquisition Corp.’s warrant and unit were suspended. None of these securities have traded on Nasdaq since the respective suspension dates. Nasdaq also announced today that it will delist the common stock of Trevena, Inc. Trevena, Inc.’s stock was suspended on October 8, 2024 and has not traded on Nasdaq since that time. Nasdaq also announced today that it will delist the common stock of Seelos Therapeutics, Inc. Seelos Therapeutics, Inc.’s stock was suspended on October 16, 2024 and has not traded on Nasdaq since that time. Nasdaq also announced today that it will delist the Class A Ordinary Shares, units, and warrants of DP Cap Acquisition Corp I. DP Cap Acquisition Corp I’s securities were suspended on November 19, 2024 and have not traded on Nasdaq since that time. Nasdaq also announced today that it will delist the Class A Ordinary Shares and units of Chain Bridge I. Chain Bridge I’s securities were suspended on November 19, 2024 and have not traded on Nasdaq since that time. Nasdaq also announced today that it will delist the common stock, unit, warrant, and right of Qomolangma Acquisition Corp. Qomolangma Acquisition Corp.’s securities were suspended on November 22, 2024 and have not traded on Nasdaq since that time. Nasdaq also announced today that it will delist the common stock of Gaucho Group Holdings, Inc. Gaucho Group Holdings, Inc.’s stock was suspended on November 22, 2024 and has not traded on Nasdaq since that time. Nasdaq also announced today that it will delist the common stock, right, unit of Mountain Crest Acquisition Corp V. Mountain Crest Acquisition Corp. V’s securities were suspended on November 21, 2024 and have not traded on Nasdaq since that time. Nasdaq also announced today that it will delist the Class A ordinary shares, unit, warrant, right of bleuacacia ltd. bleuacacia ltd’s securities were suspended on November 25, 2024 and have not traded on Nasdaq since that time. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

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