Light & Wonder, Inc. (NASDAQ: LNW) today announced that its common stock will be delisted from the Nasdaq Stock Market prior to the opening of trading on November 13, 2025, and that the Australian Securities Exchange (ASX) will become the company’s sole primary listing. The company confirmed that shares will no longer be tradeable on Nasdaq after the delisting and that shareholders will need to convert their holdings into CHESS Depositary Interests (CDIs) to continue trading on the ASX. Shareholders who wish to maintain exchange trading can either sell their shares on Nasdaq before the suspension of trading or convert them to CDIs; otherwise, the shares will trade only on the over‑the‑counter market.
The transition reflects Light & Wonder’s strategic decision to align its capital‑markets presence with its long‑term growth plans and shareholder base, citing the ASX’s deep liquidity and robust understanding of the gaming sector. The company is actively engaging with Nasdaq and the ASX to finalize the conversion from an ASX Foreign Exempt Listing to an ASX Standard Listing, a process that remains subject to the ASX’s waivers and confirmations. Light & Wonder has provided a FAQ resource for shareholders and has outlined the steps required to convert shares, underscoring the company’s commitment to a smooth transition for its investors.
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