- The Shyft Group (SHYF, Financial) has merged with Aebi Schmidt Holding AG, with Shyft's stock delisted from NASDAQ.
- Aebi Schmidt Group begins regular-way trading on NASDAQ under ticker symbol "AEBI".
- Shyft to file with SEC to suspend reporting obligations post-merger.
On July 1, 2025, The Shyft Group, Inc. (SHYF), a leader in North American specialty vehicle manufacturing, successfully completed its merger with Aebi Schmidt Holding AG. As a result, Shyft's common stock has been delisted from the NASDAQ Global Select Market. The company announced its intention to file a Form 25 with the U.S. Securities and Exchange Commission (SEC) to formally remove its common stock from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. Additionally, Shyft plans to submit a Form 15 to suspend its reporting obligations under Sections 13 and 15(d) of the Exchange Act.
Following the merger, shares of Aebi Schmidt Group began trading on NASDAQ on a when-issued basis under the ticker symbol "AEBIV" on July 1, 2025. Regular-way trading of Aebi Schmidt's common stock will commence under the ticker symbol "AEBI" on July 2, 2025.
This merger unites Shyft's renowned specialty vehicle production expertise with Aebi Schmidt's global capabilities in infrastructure, environmental, and agricultural solutions, enhancing their combined strength in the international market. The merger marks a significant step in increasing their global presence in specialty vehicle and infrastructure solutions.
