Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On October 7, 2021, CBM Bancorp, Inc. (the "Company") announced that it had
given formal notice to the Nasdaq Stock Market of its intention to voluntarily
delist its common stock from the Nasdaq Capital Market. The Company also
announced its intention to deregister its common stock under Section 12(b) of
the Securities Exchange Act of 1934 (the "Exchange Act"). The Company currently
anticipates that it will file with the Securities and Exchange Commission (the
"SEC") a Form 25, Notification of Removal of Listing and/or Registration under
Section 12(b) the Securities Exchange Act of 1934, relating to the delisting and
deregistration on or about October 19, 2021, with the delisting of its common
stock taking effect no earlier than ten days thereafter. As a result, the
Company expects that the last trading day of its common stock on the Nasdaq
Capital Market will be on or about October 29, 2021, after which it anticipates
its shares will be quoted on the OTC Pink Open Market. Further, on or about
October 29, 2021, the Company intends to file a Form 15 with the SEC to suspend
the Company's reporting obligations under Section 15(d) of the Exchange Act.
These actions were authorized and approved by the Company's Board of Directors
on October 1, 2021.
A copy of the press release dated October 7, 2021, giving details associated
with the voluntary delisting, is attached as Exhibit 99.1 to this report and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Exhibit Description
99.1 Press Release issued by the Company on October 7, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses