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Brooge Holdings ( (BROG) ) has shared an announcement.
On May 28, 2025, Brooge Energy Limited announced its decision to voluntarily delist its ordinary shares from the Nasdaq Capital Market and deregister with the SEC. The company plans to file a Form 25 for delisting on or about June 9, 2025, with the last trading day expected around June 19, 2025. This move, determined by the Board of Directors, is aimed at reducing operating expenses and regulatory burdens due to the lack of an active trading market. The company will also file a Form 15 to suspend its reporting obligations, with deregistration becoming effective 90 days post-filing.
More about Brooge Holdings
Brooge Energy Limited (BEL) is a Cayman Islands-based infrastructure provider engaged in the storage of Clean Petroleum Products, Biofuels, and Crude Oil, along with related services. The company operates through its subsidiary BPGIC FZE, strategically located at the Port of Fujairah in the UAE, outside the Strait of Hormuz. BEL differentiates itself by offering fast order processing, excellent customer service, and high accuracy blending services with low product losses.
Average Trading Volume: 99,439
Technical Sentiment Signal: Buy
Current Market Cap: $285.8M
Find detailed analytics on BROG stock on TipRanks’ Stock Analysis page.
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