Light & Wonder to delist from Nasdaq
The company plans to transition to a sole listing on the Australian Securities Exchange (ASX).
US.- Light & Wonder has provided notice to the Nasdaq of its intention to delist its common stock. The company plans to transition to a sole primary listing on the Australian Securities Exchange (ASX).
The company intends to file a Form 25 on November 3. The Nasdaq will suspend trading in its common stock after the close of trading on November 12 and the delisting will become effective on November 13. The company said the move is intended to reflects its strategic focus on aligning its capital markets presence with its long-term growth plans and shareholder base.
Earlier this year, the company completed its acquisition of Grover Gaming’s charitable gaming assets for $850m in cash and a four-year revenue-based earn-out of up to $200m cash. Previously owned by Garrett Blackwelder, Grover has over 10,000 leased electronic pull-tab units in North Dakota, Ohio, Virginia, Kentucky, and New Hampshire.
