Summary
Honeywell International Inc. (HON) has announced its intention to voluntarily delist its common stock and several series of senior notes from the New York Stock Exchange (NYSE) and transfer them to The Nasdaq Stock Market LLC (Nasdaq). This move is expected to be effective around May 10-11, 2021, with trading commencing on Nasdaq on or about May 11, 2021. The company's stock and notes will retain their current trading symbols. This strategic relocation to Nasdaq is anticipated to provide potential benefits for Honeywell, although the specific reasons or expected advantages are not detailed in this particular filing. Investors should note that this change primarily affects the exchange where the securities are listed, not the fundamental ownership of the shares or the terms of the notes themselves. Honeywell's common stock and senior notes have already received approval for listing on Nasdaq. The filing also includes a press release related to this transfer and is furnished under Regulation FD, meaning it's not considered 'filed' for liability purposes under Section 18 of the Exchange Act unless expressly incorporated into other filings.
Key Highlights
- 1Honeywell is voluntarily moving its common stock and senior notes from the NYSE to Nasdaq.
- 2The transfer is expected to be effective around May 10-11, 2021.
- 3Trading on Nasdaq is anticipated to begin on or about May 11, 2021.
- 4Existing trading symbols for Honeywell's common stock (HON) and senior notes (HON 23A, HON 24A, HON 28A, HON 32) will be maintained on Nasdaq.
- 5The company's Board of Directors has authorized this strategic move.
- 6The common stock and senior notes have received Nasdaq listing approval.
- 7This filing includes a press release detailing the exchange transfer.