Wilhelmina International, Inc. (NASDAQ:WHLM), a company specializing in management consulting services, has announced its voluntary decision to delist from the Nasdaq Capital Market. The Dallas-based company, incorporated in Delaware, disclosed this move in a recent SEC filing dated December 20, 2024.
According to the filing, the Board of Directors resolved on December 20, 2024, to terminate the listing of the company’s common stock on the Nasdaq. Wilhelmina International has submitted a Form 25 to the SEC to notify the removal of listing and registration under Section 12(b) of the Exchange Act. The delisting will become effective no sooner than ten days after the filing, with the anticipated final trading day on Nasdaq being approximately December 31, 2024.
Post-delisting, trading of Wilhelmina’s common stock may continue through privately negotiated transactions and possibly on an over-the-counter (OTC) market, assuming market makers are willing to list the shares. However, there is no assurance provided that trading will continue on an OTC market or that any broker will elect to make a market in the shares.
This strategic decision by Wilhelmina International comes after a history of corporate name changes, including New Century Equity Holdings Corp, Billing Concepts Corp, and Billing Information Concepts Corp, reflecting the company’s evolving business focus over the years.
The company has not publicly disclosed the reasons for the delisting, nor has it provided information on any future plans regarding its stock or business operations following the delisting from Nasdaq. This information is based on a press release statement.
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