Yandex Faces Imminent Delisting from Nasdaq as March 24 Deadline Looms

MevWhisperer · 2025-12-31T09:01:32+00:00

Yandex N.V. will be delisted from Nasdaq on March 24, 2023, after trading has been suspended. The company may appeal the decision, but if unsuccessful, will transition to over-the-counter trading, affecting investor access and liquidity.

MevWhisperer

2025-12-31 09:01:32

Abstract generation in progress

Nasdaq has formally notified Yandex N.V. (ticker: YNDX) that its securities will be removed from the Nasdaq Stock Market effective March 24, 2023, marking a significant shift for the Russian tech company’s U.S. trading status. The announcement, made on March 15, provides a window for Yandex to pursue an appeal before the Listing Qualifications Hearings Panel, though the clock is ticking.

Trading Suspension and Timeline

Effective immediately, Yandex’s securities have been halted from trading and will remain suspended throughout any appeal process. Once the delisting becomes official—which occurs ten days after Nasdaq files a Form 25 with the Securities and Exchange Commission—the stock will no longer be available for standard market trading.

Path Forward: Over-the-Counter Trading

Following its removal from Nasdaq, Yandex’s securities may transition to over-the-counter (OTC) markets, where smaller or delisted companies continue to trade. This shift would represent a significant change in accessibility for retail investors, typically offering lower liquidity and wider bid-ask spreads compared to major exchange trading.

Appeal Options and Regulatory Process

Investors and the company should note that Yandex retains the right to challenge the delisting decision. The company can request a hearing before Nasdaq’s Listing Qualifications Hearings Panel to present its case. If no appeal is filed or if the appeal is unsuccessful, the delisting will proceed as scheduled.

The regulatory framework governing this action is outlined in the Nasdaq Rule 5800 Series, and further details regarding the delisting rationale can be found through the company’s public filings with the Securities and Exchange Commission.

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