Business Context and Reporting Period
This Form 8-K was filed by Kinetik Holdings Inc. on October 10, 2022. The report details a voluntary transfer of the listing of its Class A Common Stock (trading symbol: KNTK) from the Nasdaq Global Select Market to the New York Stock Exchange (NYSE).
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the administrative change of the stock listing venue.
Material Changes
- Listing Transfer: The Company notified Nasdaq of its intent to voluntarily transfer its listing to the NYSE.
- Trading Timeline: Trading on Nasdaq is expected to end at market close on October 21, 2022. Trading on the NYSE is scheduled to commence at market open on October 24, 2022.
- Symbol Continuity: The stock will continue to trade under the symbol "KNTK" on the NYSE.
Outlook, Risks, and Management Commentary
Management commentary is limited to the execution of the listing transfer. The filing references a press release (Exhibit 99.1) for further details but does not contain specific forward-looking guidance, risk factors, or contingencies related to financial performance within the text provided.
Investor Verification Checklist
- Confirm the exact date trading ceases on Nasdaq (October 21, 2022) and begins on NYSE (October 24, 2022).
- Verify that the ticker symbol "KNTK" remains unchanged post-transfer.
- Review the attached press release (Exhibit 99.1) for any additional strategic rationale not included in the 8-K text.