![]() ![]() Musk will have to also pick a new executive team, as one of his first steps after taking over was to fire CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and head of legal policy, trust and safety Vijaya Gadde. ![]() The social media company will likely form a new board after the current members will dissolve. But financial institutions that have lent money to Musk will pressure the billionaire to make the company profitable. ![]() Twitter won’t have to make quarterly disclosures like its monthly active users or its earnings as a private company. The Exchange also notifies the Securities and Exchange Commission that as a result of the above-indicated conditions this security was suspended from trading before market open on October 28, 2022.”Īt the time of writing, Twitter’s stock was trading at $53.70 - slightly lower than Musk’s buying price of $54.20. Common Stock was exchanged for USD 54.20 in cash, without interest and less any applicable withholding taxes. Musk became effective on October 27, 2022. and X Holdings II, Inc., a wholly owned subsidiary of X Holdings I, Inc., wholly owned by Elon R. will now own all the stock of the social network. It also indicated that the merger between Twitter and Musk’s subsidiary X Holdings II, Inc. “The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on November 08, 2022, pursuant to the provisions of Rule 12d2-2 (a),” the filing reads. Incidentally, the delisting is taking place on the same date as the U.S. This comes a day after Elon Musk completed the company’s takeover after a lengthy ordeal late Thursday. Twitter’s stock will be delisted from the New York Stock Exchange on November 8, according to a new filing with the U.S. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |