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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' shares due to suspension. 2. Suspended securities have not traded since their respective suspension dates. 3. Delisted companies include Patria Latin American Opportunity and Seelos Therapeutics.

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Why Neutral?

The delisting news does not imply overall market strength or weakness for Nasdaq itself but highlights management of non-performing listings. Historically, similar delistings have led to short-term price stability post-announcements.

How important is it?

These delistings indicate Nasdaq's operations and integrity in listing management, but their direct financial impact on Nasdaq may be neutral.

Why Short Term?

Delisting typically affects immediate trading sentiment but doesn't predict long-term performance. Historical patterns show pricing stabilizes post-announcement.

Related Companies

Trevena, Inc.Seelos Therapeutics, Inc.DP Cap Acquisition Corp IChain Bridge IQomolangma Acquisition CorpGaucho Group Holdings, Inc.Mountain Crest Acquisition Corp Vbleuacacia ltd
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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