RuberRobin

GOOD MORNING $GME SQUADDD! GameStop has filed its form 25 for the warrants. They are officially being delisted. What’s interesting is that the form had box 3 checked. NXH didn’t have this. I can’t find any precedent. What does box 3 mean? 17 CFR 240.12d2-2(a)(3) is the successor security provision. The SEC's own General Instructions for Form 25 Instruction 12 says: "In the event removal is being effected under Rule 12d2-2(a)(3) and the national securities exchange has admitted or intends to admit a successor security to trading under the temporary exemption provided for by Exchange Act Rule 12a-5 (17 CFR 240.12a-5), the Form 25 shall be filed with the Commission in a manner that ensures that the delisting does not become effective until the successor security is removed from its exempt status." Read that again. The delisting does not become effective until the successor security is live on the exchange. The NYSE is telling the SEC: we are removing this security because it is being replaced, not because it expired. WHAT ARE WE ABOUT TO WITNESS?!??

🚨 Ryan Cohen has filed his motion for summary judgment in the 16b case with 20230930-DK-Butterfly-1 which includes 6 sealed documents 👀 courtlistener.com/docket/690… $BBBYQ 🧸🏴‍☠️