Syros to Delist from Nasdaq and Deregister with SEC

The company has made the decision to voluntarily delist its securities from Nasdaq. This choice comes after careful consideration of the current market conditions and regulatory requirements, including the Securities and Exchange Act of 1934.

By notifying Nasdaq of its intention to delist, the company is taking a proactive step to ensure compliance with the Exchange Act. This decision reflects the company’s commitment to adhering to all applicable regulations and maintaining transparency with its shareholders and the public.

Delisting from a major stock exchange like Nasdaq can have significant implications for a company. It may impact the liquidity and visibility of the company’s securities, as well as potentially affecting investor confidence. However, the company believes that this move is necessary to align with its strategic goals and financial objectives.

While delisting is a complex process that requires careful planning and execution, the company is confident in its decision. It has consulted with legal and financial advisors to ensure that all necessary steps are taken to delist its securities in a compliant and efficient manner.

Additionally, the company is communicating with its shareholders and other stakeholders to keep them informed about the delisting process. Transparency and open communication are key priorities for the company during this transition period.

Overall, the decision to voluntarily delist from Nasdaq is a strategic move that the company believes will ultimately benefit its long-term growth and stability. By proactively addressing regulatory requirements and aligning with its financial objectives, the company is positioning itself for success in the future. Delisting may be a challenging process, but with careful planning and execution, the company is confident in its ability to navigate this transition successfully.