Lumen Technologies to move stock listing to Nasdaq

Lumen Technologies announced on Friday its intention to transfer the listing of its common stock and two Qwest Corp notes from the New York Stock Exchange to Nasdaq. The company stated that Nasdaq better aligns with its technology-focused business as it expands networking services for AI customers. This strategic move is not expected to impact Lumen's operations, financial condition, or reporting obligations, and shareholders will not need to take any action. The delisting from the NYSE is anticipated to occur after the market close on October 5, with trading on Nasdaq scheduled to begin at the market open on October 6, subject to customary closing conditions. Lumen's common stock is expected to maintain its ticker symbol 'LUMN', while the Qwest Corp notes will continue to trade under the symbols 'CTGG' and 'CTHH'. Lumen and Qwest have formally applied for the Nasdaq listings and plan to file the necessary documentation with the U.S. Securities and Exchange Commission to facilitate the delisting from the NYSE. Chief Executive Kate Johnson expressed that Nasdaq represents the 'right home for this next chapter,' reflecting the company's evolving technology-centric business model.