NYSE to Commence Delisting Proceedings Against Azul S.A. (AZUL)

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange ('NYSE' or, the 'Exchange') announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the American depositary shares ('ADSs'), each ADS representing three preferred shares, of Azul S.A. (the 'Company') — ticker symbol AZUL — from the NYSE. Trading in the Company's ADSs will be suspended immediately.
NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company's May 28, 2025 press release that the Company has entered into a Restructuring Support Agreement with its key stakeholders to effectuate a reorganization process under Chapter 11 in the United States. In reaching its delisting determination, NYSE Regulation notes the uncertainty as to the ultimate effect of this process on the value of the Company's ADSs.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. On May 29, 2025, the Company informed the Exchange that it will not exercise that right. As a result, the NYSE will apply to the Securities and Exchange Commission to delist the Company's ADSs.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

9 minutes ago

• Yahoo

MP Materials (MP) Rallies 23.5% W/W on Rosy Prospects

MP Materials Corp. (NYSE:MP) is one of the . MP Materials surged by 23.5 percent week-on-week, ending Friday's trading at $37.74 versus the $30.55 apiece on June 13, as investor sentiment was buoyed by growth opportunities expectations amid the limited supply of rare earth minerals globally. In recent weeks, rare earths took center stage amid calls from automakers and semiconductor companies for China to loosen up rare earth exports, saying that it has significantly impacted production operations. Despite China's promise to ease up, experts feared that global supply cuts would continue to be an ever-present threat. MP Materials Corp. (NYSE:MP), on the other hand, could take advantage of the limited global supply, as industries look to other suppliers to support production operations. Heavy machinery at work in a mining facility, excavating the earth for rare earth minerals. MP Materials Corp. (NYSE:MP) is the only rare earths mining company in the US. During the peak of the US and China's trade war earlier this year, the company halted shipping operations to China to avoid hefty tariffs on its goods. While we acknowledge the potential of MP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Yahoo

19 minutes ago

• Yahoo

‘The Onion' Mocks Congress' ‘Cowardice' in ‘New York Times' Full Page Editorial

The Onion published a full page ad in the New York Times mocking the 'cowardice' of Congress in the face of the Trump administration's 'growing assaults on essential liberties.' A printed copy of the satirical paper's editorial — which was planned even before Trump dropped a 'payload of bombs' on Iran without Congress' authorization — was also delivered to every member of Congress, the Handbasket reports. 'Members of Congress—now, more than ever, our nation desperately needs your cowardice,' the editorial states. 'We teeter on the brink of collapse into an authoritarian state. That is why, today, The Onion calls upon our lawmakers to sit back and do absolutely nothing. Now is not the time for bravery or valor! This is the time for protecting your own hide and lining your pocket. Now is not the time for listening to your idiotic constituents drone on about what's happening to their precious democracy. This is the time for getting down on all fours and groveling.' In an open letter accompanying the editorial, Bryce P. Tetraeder, the faux CEO of the Onion's parent company Global Tetrahedron, celebrated Congress' inactivity. 'As a titan of business, I find this nation's descent into corruption and tyranny not simply a balm for my soul, but also a huge benefit to my bottom line,' Tetraeder wrote. 'We are on the precipice of a new economic order, one in which affluent men like myself will be able to select their own tax rate from a drop-down menu. It's a reality I barely dreamed possible just a few months ago.' Speaking to the Handbasket, the Onion's actual CEO Ben Collins said of the stunt, 'The Onion is known for its oracular ability to predict the next great American horror, but the timing on this might be the most prescient bit of The Onion's reporting yet. As the president drags this country headlong into yet another war, which will certainly bring about no adverse consequences, I am proud to reiterate The Onion's call for Congress to sit back and just let this all happen to us.' The Onion's editorial board — signees include the Unabomber Ted Kaczynski, hockey legend Joe Sakic, and Benedict Arnold — concluded their editorial, 'Let this be the moment to make amends for any missteps of American bravery and valor. Congress, we are asking, nay, demanding: This coming Independence Day, don't wave the Stars and Stripes, that enduring symbol of liberty and rebellion. Instead, wave the white flag of surrender.' More from Rolling Stone Judge Blocks The Onion's Bid to Take Over Alex Jones' Infowars 'The Onion' Buys Infowars - and Alex Jones Is Pissed Elon Musk Is Offering People His Sperm While Creating a Family Compound in Texas Best of Rolling Stone The Useful Idiots New Guide to the Most Stoned Moments of the 2020 Presidential Campaign Anatomy of a Fake News Scandal The Radical Crusade of Mike Pence

Yahoo

25 minutes ago

• Yahoo

QXO Inc.(QXO) Soars 21% W/W on GMS Bid

QXO, Inc. (NYSE:QXO) is one of the . QXO saw its share prices jump by 21 percent to end Friday's trading at $23.79 versus the $19.66 a week earlier, with investor sentiment bolstered by its proposed acquisition of building products distributor GMS Inc. (NYSE:GMS) for $5 billion. In a statement late last week, QXO, Inc. (NYSE:QXO) said it sent a proposal to GMS Inc.'s (NYSE:GMS) president and CEO to acquire all of the latter's outstanding shares at a price of $95.20 for a total of $5 billion. The amount represents a 27-percent premium over GMS Inc.'s (NYSE:GMS) 60-day volume-weighted average price of $74.82. Brad Jacob, chairman and CEO of QXO, Inc. (NYSE:QXO), said that its all-cash proposal will deliver immediate and certain value to GMS shareholders at a meaningful premium. 'We believe this is a compelling opportunity for GMS investors to realize the full value of their shares in a single, decisive transaction,' he noted. A Home improvement store aisle with multiple types of building products on display. QXO, Inc. (NYSE:QXO) tapped Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as its financial advisors, while Paul, Weiss, Rifkind, Wharton & Garrison LLP will act as its legal counsel. While we acknowledge the potential of QXO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data