Great Lakes Dredge & Dock Corp - Delisting Notice
Summary
SEC issued a delisting notice for Great Lakes Dredge & Dock Corporation (GLDD), a marine construction and dredging services company. The notice announces that the company's securities will be removed from listing and/or registration on a national securities exchange. GLDD was headquartered in Houston, TX.
What changed
The SEC filed a delisting notice for Great Lakes Dredge & Dock Corporation (GLDD), removing the company's securities from exchange listing. The document indicates the company's common stock and/or other securities will no longer trade on the national exchange where previously listed. GLDD, a provider of dredging services and marine construction, was identified as the respondent entity subject to this enforcement action.
Compliance officers at affected entities should review this delisting notice to understand trading implications for shareholders and assess the company's securities status. Investors holding GLDD shares should be aware that the securities may be suspended from trading and potentially moved to over-the-counter markets. The document does not specify a compliance deadline as this pertains to the delisting action itself.
What to do next
- Review the delisting notice to understand trading suspension timeline
- Assess impact on shareholder holdings and securities positions
- Monitor for subsequent announcements regarding transfer to OTC markets or other exchange actions
Penalties
Securities delisting results in loss of exchange trading privileges and may trigger additional disclosure obligations
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