Fact Check : Pfizer Delisting Itself On Nasdaq + NYSE?!

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Is Pfizer really delisting itself on the Nasdaq and NYSE?! Was it due to the recent release of their COVID-19 vaccine documents?!

Take a look at the viral claim, and find out what the facts really are!

 

Claim : Pfizer Is Delisting Itself On Nasdaq + NYSE!

People are excitedly sharing messages and articles claiming that Pfizer is delisting itself on both the Nasdaq and the New York Stock Exchange (NYSE)!

According to these messages and articles, Pfizer is delisting itself in both stock exchanges over the recent release of their COVID-19 vaccine documents with 9 pages that allegedly listed 1,291 side effects.

This example of what’s being shared is long, so feel free to skip to the next section for the facts!

Arena Pharma moved higher after Nasdaq announced a delisting notice for Pfizer Inc, U.S. investment research platform Seeking Alpha reported on March 8.

Fact Check : Pfizer Delisting On Nasdaq + NYSE?!

 

Truth : Pfizer Is NOT Delisting Itself On Nasdaq / NYSE!

This is yet another example of anti-Pfizer, anti-vaccine FAKE NEWS being created and propagated by anti-vaccination activists. Here are the reasons why…

Fact #1 : Pfizer Is Not Delisting Itself On Nasdaq / NYSE

I had already addressed this earlier, when they claimed that the NYSE delisted Pfizer.

Now they are claiming that Pfizer is delisting itself on Nasdaq or NYSE, but that is also complete nonsense.

Anyone who takes just 2 seconds to look at the NYSE or Nasdaq website, or even Google, would realise that Pfizer Inc. (PFE) is still listed on both stock exchanges.

Not only is Pfizer still on Nasdaq and NYSE, its stock price actually went up by 2.17% on 11 March 2022!

Read more : Did NYSE Just Delist Pfizer Over Vaccine Scandal?!

Did NYSE Just Delist Pfizer Over Vaccine Scandal?!

Fact #2 : Pfizer Delisted Its 0.250% Note From NYSE

This new fake news is based on two recent Pfizer announcements. The first is a Form 25 submission that Pfizer filed with the SEC (US Securities and Exchange Commission) on 7 March 2022.

Pfizer submitted that Form 25 to delist its euro-denominated 0.250% notes – basically debt with a payable interest of 0.25% that matured on 7 March 2022.

In short, Pfizer paid off that matured debt with interest, and consequently removed the notes from the NYSE. It’s even stated in the description of their 7 March 2022 SEC filing on the Pfizer website.

Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial Filing Amendments

The Pfizer common stock (PFE) remains on the NYSE and Nasdaq, and is being actively traded as we speak.

Did NYSE Just Delist Pfizer Over Vaccine Scandal?!

Fact #3 : Companies Can’t Go Private By Simply Delisting

Public-listed companies can go private, but not by simply notifying the stock exchange.

They have to first purchase shares from a majority of the shareholders, before they can even think of going private.

Even if that happens, the process can take four to six months to complete. It doesn’t just happen over a few days, with a simple notification to the stock exchange.

Fact #4 : Pfizer Delisted Arena Pharmaceuticals

The second Pfizer news that this fake story is based on is their delisting of Arena Pharmaceuticals from the Nasdaq Global Select Market.

Pfizer announced that it completed its acquisition of Arena Pharmaceuticals on 11 March 2022, and so Arena’s shares of common stock were delisted that day.

Again, Pfizer was not delisting itself, it was delisting the common stock of its (now) wholly owned subsidiary, Arena Pharmaceuticals.

Fact #3 : Guo Wengui + G News Infamous For Fake News

This fake story appears to be created by G News, a website owned by Guo Media – a company associated with Guo Wengui and Steve Bannon.

Guo is an exiled Chinese businessman, and both Guo and Bannon are infamous for creating and spreading misinformation.

Naturally, both Guo and Bannon are often featured in G News coverage. It doesn’t make them prescient, just pretentious.

Please help us fight fake news, by sharing this fact check with your family and friends!

 

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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