Summary
Palo Alto Networks, Inc. (PANW) has announced its intention to voluntarily delist its common stock from the New York Stock Exchange (NYSE) and transfer its listing to The Nasdaq Stock Market LLC (Nasdaq). This move is expected to be completed around October 22, 2021, with trading commencing on Nasdaq on or about October 25, 2021. The company's common stock will continue to trade under its existing ticker symbol, 'PANW', on Nasdaq. This strategic decision by Palo Alto Networks' Board of Directors suggests a potential alignment with a market that may be perceived as more suitable for technology-focused companies. Investors should note that the core business operations and financial reporting of the company remain unchanged by this listing transfer. The company has provided a press release to elaborate on this transition, which is attached as an exhibit to this filing.
Key Highlights
- 1Voluntary delisting from the NYSE to transfer listing to Nasdaq.
- 2Expected completion of delisting from NYSE around October 22, 2021.
- 3Expected commencement of trading on Nasdaq around October 25, 2021.
- 4The common stock will continue to trade under the ticker symbol 'PANW'.
- 5The transfer is authorized by the Company's Board of Directors.
- 6A press release concerning the transfer is attached as Exhibit 99.1.