8-KSecurities & ListingExhibits & Filings

FTAI Aviation Ltd. 8-K Report, Listing Notice (Apr 13, 2022)

Filed April 13, 2022For Securities:FTAIFTAIMFTAIN

Summary

FTAI Aviation Ltd. (FTAI) announced on April 13, 2022, its intention to voluntarily transfer its listing from the New York Stock Exchange (NYSE) to The Nasdaq Stock Market (Nasdaq). This move affects the company's Class A common shares and its Series A, B, and C preferred shares. The company anticipates that trading on Nasdaq will commence on April 26, 2022, under the ticker symbols 'FTAI' for common shares and 'FTAI PR A', 'FTAI PR B', and 'FTAI PR C' for the respective preferred share series. This strategic decision to move to Nasdaq is a significant event for FTAI investors. While the filing does not specify the exact reasons for the transfer, such moves are often motivated by potential benefits like increased liquidity, a perception of being listed on a more growth-oriented exchange, or cost efficiencies. Investors should monitor the transition closely to understand any potential impact on trading dynamics and overall company visibility.

Key Highlights

  • 1FTAI Aviation Ltd. is voluntarily delisting from the NYSE.
  • 2The company will transfer its listing to The Nasdaq Stock Market.
  • 3Trading on Nasdaq is expected to begin on April 26, 2022.
  • 4Class A common shares will trade under the ticker symbol 'FTAI' on Nasdaq.
  • 5All outstanding preferred share series (A, B, and C) will also transfer to Nasdaq.
  • 6Preferred shares will trade under new ticker symbols: 'FTAI PR A', 'FTAI PR B', and 'FTAI PR C'.
  • 7The company provided notice to the NYSE on April 13, 2022.

Frequently Asked Questions

The 8-K filing states that the company intends to *voluntarily* transfer its listing. While the specific reasons are not detailed in this filing, companies often move exchanges for strategic reasons such as seeking greater liquidity, aligning with a perceived growth-oriented market, or to potentially benefit from different listing requirements or cost structures offered by Nasdaq.

FTAI Aviation Ltd.'s Class A common shares will trade under the ticker symbol 'FTAI'. The Series A, Series B, and Series C Cumulative Perpetual Redeemable Preferred Shares will trade under the ticker symbols 'FTAI PR A', 'FTAI PR B', and 'FTAI PR C', respectively.

The company expects trading of its Class A common shares and its preferred shares to commence on The Nasdaq Stock Market on April 26, 2022.

No, this is a listing transfer, not a stock split, reverse split, or delisting that would typically require action from shareholders. Your existing shares will automatically be traded on Nasdaq under the new ticker symbols. The transition is designed to be seamless for investors.