Lumen Technologies to move stock listing to Nasdaq

Sept 25 (Reuters) - Lumen ‌Technologies said ​on ​Friday it plans to transfer the listing of its common stock and ‌two Qwest Corp notes to Nasdaq from the ⁠New York Stock Exchange, saying the exchange better fits ‌its technology-focused business as ‌it expands networking services for AI customers.

The move will not affect Lumen's operations, financial condition ​or reporting obligations, and shareholders will not need to take any action, the company ⁠said.

Here are more details:

• Lumen expects its common shares and ​Qwest Corp's notes to be delisted from the NYSE after the market close on ​October 5.

• The securities ‌are expected to begin trading on Nasdaq at the market open on ⁠October 6, subject to customary closing conditions.

• Lumen's common stock is expected to retain the ticker symbol "LUMN". ⁠The Qwest notes are expected to continue trading as "CTGG" and "CTHH".

• ​Lumen and Qwest have applied for Nasdaq listings and plan to file a Form 25 with the U.S. ‌Securities and Exchange Commission to delist the securities from the NYSE.

• "Nasdaq is ‌the right home for this next chapter, ⁠reflecting the technology-focused business ‌we are building," ​Kate Johnson, chief executive, said.

(Reporting by Anzar Mehraj in Bengaluru; Editing by Tasim ‌Zahid)

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