8-KSecurities & ListingRegulation FDExhibits & Filings

COHERENT CORP. 8-K Report, Listing Notice (Feb 8, 2023)

Filed February 8, 2023For Securities:COHR

Summary

Coherent Corp. (COHR) has announced a significant strategic move to transfer its stock listings from The Nasdaq Stock Market LLC (“Nasdaq”) to the New York Stock Exchange (“NYSE”). This voluntary delisting from Nasdaq is scheduled to be effective after market close on February 22, 2023. Consequently, both the Company's common stock and its 6.00% Series A Mandatory Convertible Preferred Stock are expected to commence trading on the NYSE on February 23, 2023. The common stock will retain its ticker symbol “COHR”, while the Series A Mandatory Convertible Preferred Stock will trade under the ticker symbol “IIVI”. This decision has been formally approved by the Company's Board of Directors, signaling a confident step towards a new trading venue.

Key Highlights

  • 1Coherent Corp. (COHR) is voluntarily transferring its stock listing from Nasdaq to the NYSE.
  • 2The transfer is effective after market close on February 22, 2023.
  • 3Trading on the NYSE is expected to begin on February 23, 2023.
  • 4The common stock will continue to trade under the ticker symbol "COHR" on the NYSE.
  • 5The 6.00% Series A Mandatory Convertible Preferred Stock will trade under the ticker symbol "IIVI" on the NYSE.
  • 6The Company's Board of Directors has approved this listing transfer.

Frequently Asked Questions

The 8-K filing states that the transfer is voluntary. While specific reasons are not detailed in this filing, companies often move exchanges for perceived benefits such as enhanced visibility, access to a broader investor base, or alignment with their strategic goals.

Yes, your COHR shares will automatically be listed on the NYSE. The transfer is a change of exchange venue, not a change in the shares themselves. You do not need to take any action for your shares to be listed on the NYSE.

The common stock will continue to trade under the ticker symbol "COHR" on the NYSE. However, the 6.00% Series A Mandatory Convertible Preferred Stock will trade under a new ticker symbol, "IIVI", on the NYSE.

The delisting from Nasdaq is effective at the close of trading on February 22, 2023. Trading on the NYSE is expected to begin on Thursday, February 23, 2023.