The ozone market is set to delist American depositary shares (ADS) from the Nasdaq exchange. This update was reported by Hit the primer.
The company aims to issue a form that will initiate this process by October 30. At the same time, the report notes that the delisting takes effect no more than ten days after the form is filed. The firm has already notified the U.S. stock market of its plan.
Management stated, “We see no expectation that Ozone ADS will continue trading on Nasdaq. The move is intended to reduce costs tied to reporting requirements under U.S. Securities and Exchange Commission standards.”
Earlier information indicated that Ozone had begun vehicle sales. Currently, this service is offered in Moscow and the surrounding Moscow region. Vehicles from Delivery Car LLC and the online dealership for the Chinese brand Chery are available, with plans to partner with additional market participants in the future.
Historically, Ozone also suspended mandatory forced destruction of goods for sellers, a policy that drew attention in the market.
For readers in Canada and the United States, the delisting announcement highlights how changes in stock exchange listings can influence access to capital, trading liquidity, and cost structures for issuers. While the impacts vary by jurisdiction, investors should monitor official disclosures and market notices for deadlines, eligibility criteria, and any transitional arrangements. The broader context includes ongoing scrutiny of compliance costs and the evolving landscape of cross-border listings, where firms weigh visibility on major U.S. venues against regulatory burdens and investor access. Attribution: Hit the primer.