S&W Announces Voluntary Delisting from Nasdaq and SEC Deregistration

Core Viewpoint - S&W Seed Company has announced its decision to voluntarily delist its common stock from The Nasdaq Capital Market and deregister with the SEC, aiming to relieve itself of reporting obligations under the Exchange Act [1][4]. Group 1: Delisting and Deregistration Process - The Company will file a Form 25 with the SEC around July 24, 2025, to initiate the delisting process, which is expected to take effect 10 days after the filing [2]. - Following the delisting, the Company plans to file a Form 15 with the SEC around August 4, 2025, to suspend its reporting obligations, which will cease upon the effectiveness of the deregistration [3]. Group 2: Reasons for Delisting - The Board's decision was influenced by the likelihood of future non-compliance with Nasdaq's continued listing requirements, which could lead to involuntary delisting, as well as the high costs and regulatory burdens associated with ongoing reporting requirements [4]. Group 3: Future Trading Options - After delisting from Nasdaq, the Company's common stock may be eligible for quotation on the Pink Open Market, contingent upon sponsorship by a market maker, although there are no guarantees of a trading market existing in the future [5]. Group 4: Company Overview - S&W Seed Company, founded in 1980, is a global multi-crop agricultural company based in Longmont, Colorado [6].