Shares of S&W Seed Company (NASDAQ:SANW) plunged 24.1% after the agricultural firm announced it will voluntarily withdraw from the Nasdaq Capital Market and cease registration with the U.S. Securities and Exchange Commission (SEC).
The Colorado-based company said its board of directors made the decision after weighing various considerations, including a likely failure to meet Nasdaq’s continued listing standards in the near future. S&W plans to file a Form 25 with the SEC around July 24, 2025, which would officially remove its listing 10 days later.
The company also intends to submit a Form 15 on or about August 4, 2025, effectively ending its obligations to file quarterly, annual, and certain other reports under the Securities Exchange Act of 1934.
In explaining its rationale, S&W cited the time and financial costs of compliance, limited internal resources, and the regulatory burden associated with public company reporting. The firm also pointed to previously disclosed credit defaults and staff reductions outlined in a June 23 Form 8-K.
S&W has not secured an alternative national exchange listing. While its stock could potentially trade over-the-counter on the Pink Open Market—pending sponsorship by a market maker—the company made no guarantees about future trading availability.
Founded in 1980, S&W Seed operates globally in the multi-crop agricultural sector.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.