FTAI Aviation Ltd. (FTAI) 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Fortress Transportation and Infrastructure Investors LLC (FTAI) on April 13, 2022. The filing addresses a voluntary transfer of the listing for the Company's equity securities from the New York Stock Exchange (NYSE) to The Nasdaq Stock Market LLC (Nasdaq).
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the administrative transfer of the stock listing.
Material Changes
The primary material change is the relocation of trading venues for the following securities:
- Class A Common Shares (Ticker: FTAI)
- 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (Ticker: FTAI PR A)
- 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (Ticker: FTAI PR B)
- 8.25% Fixed Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares (Ticker: FTAI PR C)
Trading on the NYSE will cease, and trading on Nasdaq is expected to commence on April 26, 2022.
Guidance, Outlook, and Risks
The filing contains no financial guidance, management commentary on operational outlook, or discussion of risks and contingencies beyond the listing transfer. The Company expects the transfer to be completed without interruption to trading, with a brief transition period between exchanges.
Investor Verification Checklist
- Confirm the effective date of the listing transfer (expected April 26, 2022).
- Verify the new ticker symbols on Nasdaq (FTAI, FTAI PR A, FTAI PR B, FTAI PR C).
- Review the attached press release (Exhibit 99.1) for any additional details regarding the rationale for the transfer.
- Check for any subsequent filings regarding the completion of the transfer.