Brooge Energy Voluntarily Delists from Nasdaq June 2025

Brooge Energy Limited announced its decision to voluntarily delist its shares from the Nasdaq Capital Market and deregister with the Securities and Exchange Commission, with the last expected trading day around June 19, 2025. The company cited factors such as the lack of an active trading market for its stock and the significant resources and expenses required to comply with Nasdaq and SEC regulations. Following delisting, Brooge Energy will suspend its SEC reporting obligations, with deregistration becoming effective approximately 90 days after filing the required forms. Despite strong stock performance over the past year, the company will not seek listing on any other securities exchange. Brooge Energy operates through its subsidiary BPGIC FZE at the Port of Fujairah in the UAE, providing storage and related services for clean petroleum products, biofuels, and crude oil. Investors have reacted negatively to the announcement, with the company's shares falling sharply in after-hours trading.