SEC Filing Summary: Colony Bankcorp Inc. (CBAN)
Business Context and Reporting Period
This Form 8-K was filed on November 5, 2024, by Colony Bankcorp, Inc., a Georgia-chartered bank holding company. The filing reports a corporate action regarding the transfer of the listing of its common stock from The Nasdaq Stock Market LLC to the New York Stock Exchange (NYSE).
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on the administrative transfer of the stock listing.
Material Changes
- Listing Transfer: The Company has voluntarily withdrawn its listing from Nasdaq to transfer to the NYSE.
- Trading Timeline: Trading on Nasdaq is expected to end at market close on November 15, 2024. Trading on the NYSE is expected to commence at market open on November 18, 2024.
- Symbol Continuity: The Common Stock will continue to trade under the symbol CBAN on the NYSE.
Outlook, Risks, and Management Commentary
Management, acting pursuant to Board of Directors authorization, confirmed the transfer is voluntary. The filing includes a press release (Exhibit 99.1) detailing the announcement. No specific risks, contingencies, or unusual items related to financial performance were disclosed in this document.
Investor Verification Checklist
- Verify the cessation of Nasdaq trading on November 15, 2024.
- Confirm the commencement of NYSE trading under symbol "CBAN" on November 18, 2024.
- Review the attached press release (Exhibit 99.1) for any additional details on the rationale for the exchange transfer.