Twitter will be delisted from the New York Stock Market on November 8 (local time), TechCrunch reported on the US Securities and Exchange Commission (SEC) on the 28th.
As a result, Dillon Musk also formed a delisting procedure the day after the completion of the transaction of acquiring Twitter for $44 billion (62.4 trillion won).
According to the report, the SEC document states that New York stocks have been delisted on all the stocks registered on November 8, 2022, he said.
The merger between Twitter and Musk’s subsidiary X Holdings has been completed. As a result, Musk’s X Holdings will hold all Twitter stocks.
The SEC document states that the merger between Twitter and X Holdings was completed on October 27, and Twitter is exchanged for $54.20 per week.
Dillon Musk, which agreed to acquire Twitter in April, was able to cancel the contract due to a fake account problem, and once just before the lawsuit with Twitter.
However, after the negotiations just before the lawsuit began, they decided to acquire Twitter under the existing conditions.
Musk fired shortly after completing the acquisition of Twitter, as well as CEO, Ned Legal, CFO, and Vijaya Made Legal Advisor.