Lumen Technologies plans to transfer the listing of its common stock from the New York Stock Exchange to Nasdaq, as the telecommunications company positions itself increasingly around technology and networking services for artificial intelligence customers.
The company said on Friday, September 25, that its common shares and two series of Qwest Corporation notes are expected to be delisted from the NYSE after the market closes on October 5. They are scheduled to begin trading on Nasdaq at market opening on October 6, subject to customary closing conditions.
Lumen’s common stock will retain its LUMN ticker, while the Qwest notes will continue trading under CTGG and CTHH. The company and Qwest have applied for Nasdaq listings and plan to file the necessary Form 25 with the US Securities and Exchange Commission.
Lumen said the move will not affect its operations, financial condition or reporting obligations, and shareholders will not need to take any action.
The shift comes as Lumen transforms its business toward enterprise networking and AI-related services. The company recently expanded its enterprise connectivity offerings, including services designed to accommodate growing bandwidth demands from AI and cloud workloads.
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