NCSM shares are no longer trading on Nasdaq. Holders should have already received or will receive Weatherford ordinary shares or cash per the merger terms. No further trading action is possible in NCSM; monitor Weatherford (WFT) for post-merger performance.
Price Chart
Executive Summary
NCS Multistage Holdings, Inc. has been formally delisted from Nasdaq following its acquisition by Weatherford International plc, which closed on September 1, 2026. This 25-NSE filing is the final procedural step confirming the removal of NCSM common stock from listing and registration, marking the end of NCSM as a standalone public company. The delisting is a direct consequence of the completed merger, not a distress event, and has no further trading implications for NCSM shares.
Key Facts
- NCSM common stock was delisted from Nasdaq effective September 1, 2026, following the completion of its acquisition by Weatherford International plc.
- Each NCSM share was converted into the right to receive either 0.5537 Weatherford ordinary shares or a mixed consideration of cash and 0.2392 Weatherford shares.
- The delisting is a procedural step confirming the removal of the security from listing and registration under SEC Rule 12d2-2(a)(3).
- The filing was made by Nasdaq Stock Market LLC, not by NCSM, and is effective immediately on the filing date.
Financial Impact
The merger consideration values NCSM at an undisclosed amount; the delisting itself has no additional financial impact beyond the completed transaction.
Risk Factors
- No residual trading liquidity in NCSM; all positions must be settled via the merger consideration.
- Potential tax implications for NCSM shareholders receiving Weatherford shares or cash.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (NCSM) — Batch item 1 | 0001354457-26-000838 |
| Document: 0001354457-26-000838-index-headers.html | 0001354457-26-000838 |
| Document: 0001354457-26-000838-index.html | 0001354457-26-000838 |
| Document: 0001354457-26-000838.txt | 0001354457-26-000838 |
| 25-NSE Filing (NCSM) — Batch item 5 | 0001354457-26-000838 |
| Document: 0001354457-26-000838-index-headers.html | 0001354457-26-000838 |
| Document: 0001354457-26-000838-index.html | 0001354457-26-000838 |
| Document: 0001354457-26-000838.txt | 0001354457-26-000838 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Court Ruling | — | awaiting T+1 | — | — |
Sep 11, 2026 21d ago | 15-12G | — | awaiting T+1 | — | — |
Sep 9, 2026 23d ago | EFFECT | — | awaiting T+1 | — | — |
Sep 9, 2026 23d ago | EFFECT | — | awaiting T+1 | — | — |
Sep 1, 2026 4w ago | 25-NSE | $53.35 $53.35 | · 0.00% | ▼ −0.44% | — |
Sep 1, 2026 4w ago | 8-K | $53.35 $53.35 | · 0.00% | ▼ −0.44% | — |
Jul 30, 2026 9w ago | Press Release | $47.00 $47.13 | ▼ −0.28% | ▲ +1.15% | — |
Jun 1, 2026 17w ago | 425 | $55.60 $55.72 | ▲ +0.22% | ▲ +0.94% | — |
Jun 1, 2026 17w ago | 425 | $55.60 $55.72 | ▲ +0.22% | ▲ +0.94% | — |
Jun 1, 2026 17w ago | 425 | $55.60 $55.72 | ▲ +0.22% | ▲ +0.94% | — |
US Market Status
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