Talen Energy prepares for NASDAQ Global Select market listing

Investing.com - On July 8, 2024, Talen Energy Corporation announced its intention to have its common stock traded on the NASDAQ Global Select Market. The energy company expects its common stock to start trading under the symbol "TLN" at the market opening on Wednesday, July 10, 2024. This move will also see the company's common stock cease trading on the OTCQX® Best Market at the end of the trading day on Tuesday, July 9, 2024.

The energy company has submitted an acceleration request to the Securities and Exchange Commission (SEC) regarding its registration statement on Form S-1 (File No. 333-280341) for its common stock. However, it's important to note that this form is currently not effective and does not pertain to any ongoing or specific future financing activities. The company emphasized that it cannot guarantee that the Form S-1 will be declared effective or that its application to list its common stock on NASDAQ will be approved.

Currently, the common stock is not registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws. Therefore, it cannot be offered or sold within the United States unless it is registered or exempted from the registration requirements under the Securities Act and relevant state securities laws.

Talen Energy clarified that this press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. All offers, solicitations of offers to buy, or any sales of securities will be in compliance with the registration requirements of the Securities Act. The company confirmed that this press release adheres to Rule 135 under the Securities Act.