The redomiciliation and share exchange are effectively complete. Monitor the squeeze-out process for remaining shareholders and the delisting timeline. The new Cadeler plc shares will begin trading on NYSE and OSE on or around 5 November 2026.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Nov 2 $27.50entry
- T+1 · yesterday −6.91%α −7.21% · $25.60
- T+2 · todayOpen
- T+5 · in 5d Pending
- T+20 · in 27d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Cadeler A/S announced final results of its share exchange offer by Cadeler plc, with a 92.06% acceptance rate, in connection with the redomiciliation from Denmark to the UK. The offer conditions are satisfied, settlement is expected on or around 4 November 2026, and a squeeze-out process for remaining shares at NOK 58.42 per share will follow. Trading of Cadeler ADSs on NYSE is expected to be suspended on or around 5 November 2026, with delisting 10 days thereafter.
Key Facts
- 355,404,839 Cadeler Shares validly tendered, representing a 92.06% acceptance rate
- Offer conditions satisfied; settlement expected on or around 4 November 2026
- Cadeler plc to allot and issue 355,404,838 shares to accepting shareholders
- Tendering shareholders' relative shareholding in Cadeler plc increases by 8.62%
- Squeeze-out of remaining 7.94% shareholders at NOK 58.42 per share (30-day VWAP)
- Trading of Cadeler ADSs on NYSE expected to be suspended before market open on or around 5 November 2026, delisting 10 days thereafter
- Cadeler ADS program to be terminated
- Squeeze-out facility with DNB Bank ASA; repayment may involve dividends from Cadeler Group within 12 months
Financial Impact
Redomiciliation and share exchange completed; no financial results reported. Squeeze-out cash consideration set at NOK 58.42 per remaining share.
Risk Factors
- Remaining 7.94% shareholders subject to compulsory squeeze-out at a fixed cash price
- Potential dividend distributions from Cadeler Group to Cadeler plc within 12 months to repay squeeze-out facility
- Delisting of Cadeler ADSs from NYSE and Cadeler Shares from OSE reduces liquidity for non-tendering holders
- Forward-looking statements subject to numerous risks including failure to realize expected benefits of redomiciliation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001978867-26-000132 |
| Document: 0001978867-26-000132-index-headers.html | 0001978867-26-000132 |
| Document: 0001978867-26-000132-index.html | 0001978867-26-000132 |
| Document: 0001978867-26-000132.txt | 0001978867-26-000132 |
| Earnings Context (Synthetic; results releases only) | 0001978867-26-000132 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 4, 2026 today | SC 13D/A | $26.05 | awaiting T+1 | awaiting T+1 | $25.84 (−0.81%) |
Nov 4, 2026 today | 6-K | $25.94 | awaiting T+1 | awaiting T+1 | $25.84 (−0.38%) |
Nov 4, 2026 today | 6-K | $26.99 | awaiting T+1 | awaiting T+1 | $25.84 (−4.26%) |
Nov 3, 2026 1d ago | 6-K | $25.60 $25.84 | ▲ +0.94% | ▼ −0.71% | $25.84 (+0.94%) |
Nov 3, 2026 1d ago | 6-K | $25.60 $25.84 | ▲ +0.94% | ▼ −0.71% | $25.84 (+0.94%) |
Nov 2, 2026 2d ago | SC TO-T/A | $27.50 $25.60 | ▼ −6.91% | ▼ −7.21% | $25.84 (−6.04%) |
Nov 2, 2026 2d ago | 425 | $27.50 $25.60 | ▼ −6.91% | ▼ −7.21% | $25.84 (−6.04%) |
Nov 2, 2026 2d ago | 6-K | $27.50 $25.60 | ▼ −6.91% | ▼ −7.21% | $25.84 (−6.04%) |
Oct 29, 2026 6d ago | SC 14D-9/A | $26.69 $28.76 | ▲ +7.76% | ▲ +9.53% | $25.84 (−3.18%) |
Oct 29, 2026 6d ago | SC TO-T/A | $26.69 $28.76 | ▲ +7.76% | ▲ +9.53% | $25.84 (−3.18%) |
US Market Status
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