United Bancshares falls on delisting plan

United Bancshares

25/07/2022 15:38

** Shares of United Bancshares Inc  UBOH.O  hit over a
year-and-half low, down 11.1% at $22
    ** Co says in a regulatory filing that it has notified the
Nasdaq Stock Market of its intent to voluntarily delist its
common stock from Nasdaq and withdraw registration of its common
stock with the SEC [https://bit.ly/3zsNQrt
]
    ** Expects the last trading day of its shares of common
stock on Nasdaq will be on or about Aug. 26
    ** Following the Nasdaq delisting, co expects its shares
will be quoted on the OTCQX Market under the symbol "UBOH"
beginning on or about Aug. 29
    ** Says the decision to delist and deregister its common
stock was based on several factors, including considerable cost
savings from no longer needing to file reports with the SEC and
reductions in accounting, audit, legal and other costs
    ** As of last close, UBOH down ~28% YTD

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))