Crypto applies for NASDAQ delisting
Amaya Gaming subsidiary will remain on the Toronto Stock Exchange.
Amaya Gaming subsidiary CryptoLogic has applied for its shares to be delisted from the NASDAQ, with the software provider’s last day of trading on the market expected to be “on or around 26 June”.
Its shares will remain on the Toronto Stock Exchange following the proposed delisting, but will not be listed on any other US medium.
The delisting follows CryptoLogic’s acquisition by fellow Canadian software provider Amaya in March this year, becoming a fully-owned subsidiary of the company. Crypto CEO David Gavagan stepped down that same month as the takeover was completed, with Amaya chief executive David Baazov taking over.
An acquisition deal worth US$36m had initially been agreed in February, several months after Amaya completed a deal for fellow Canadian company Chartwell.
The past fortnight has seen Crypto extend deals with Betclic Everest subsidiary Everest Gaming and Ladbrokes.