8-K: Ouster to Transfer Stock Listing to Nasdaq From NYSE

Ouster, Inc. will transfer its stock and warrant listings from the New York Stock Exchange to the Nasdaq Global Select and Capital Markets, effective December 23, 2024.

Summary

• Ouster, Inc. has announced the transfer of its stock and warrant listings from the New York Stock Exchange (NYSE) and NYSE American to the Nasdaq Global Select Market and Nasdaq Capital Market.
• The company's common stock, currently trading under the symbol OUST, will remain OUST on Nasdaq.
• The 2025 public warrants, currently trading under OUST.WSA, will trade under the symbol OUSTW on Nasdaq.
• The 2026 public warrants, currently trading under OUST.WS, will trade under the symbol OUSTZ on Nasdaq.
• Trading on the NYSE and NYSE American is expected to cease at the close of trading on December 20, 2024.
• Trading on the Nasdaq is expected to begin on December 23, 2024.

Sentiment

Score: 7

Explanation: The document is neutral to positive, indicating a planned strategic move with no negative implications. The transfer to Nasdaq is a positive step for the company.

Positives

• The transfer to Nasdaq is expected to provide a new platform for Ouster's securities.
• The company has secured approval for the listing on Nasdaq.

Risks

• The company's forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.
• The company's future performance is subject to factors discussed in their annual report and other SEC filings.

Future Outlook

The company expects to begin trading on Nasdaq on December 23, 2024, with the common stock, 2025 public warrants, and 2026 public warrants trading under the symbols OUST, OUSTW, and OUSTZ, respectively.

Management Comments

• Ouster announced that it will transfer the listing of its common stock and warrants to Nasdaq.

Industry Context

The move to Nasdaq is a common strategy for companies seeking to align with a technology-focused exchange, potentially increasing visibility and attracting a different investor base.

Comparison to Industry Standards

• Many technology companies choose to list on Nasdaq due to its reputation as a hub for innovation and growth companies.
• The transfer of listing is a strategic move that is not uncommon for companies seeking to optimize their market presence.

Stakeholder Impact

• Shareholders will see their shares and warrants transferred to the Nasdaq.
• The change in exchange may impact the trading volume and visibility of the company's securities.

Next Steps

• The company will cease trading on the NYSE and NYSE American on December 20, 2024.
• The company will begin trading on the Nasdaq on December 23, 2024.

Key Dates

Keywords

Nasdaq, stock listing, warrants, OUST, NYSE, OUSTW, OUSTZ, transfer, securities