Biloxi MS-based Global Seafood Technologies Inc, one of the largest individual quick freeze shrimp processors in the United States through its Custom Pack subsidiary, has filed a Form 15 with the Securities and Exchange Commission to deregister its common stock and suspend its reporting obligations under the Securities and Exchange Act of 1934. The company expects that the deregistration will become effective within 90 days of its filing with the SEC.
The common stock of Global Seafood Technologies will no longer be eligible for quotation on the OTC Bulletin Board Market. Global Seafood anticipates that its common stock will be quoted on the Pink Sheets after the Form 15 filing and subsequent delisting from OTC Bulletin Board Market. The firm will make an effort to have its shares continue to trade on The Pink Sheets but can provide no assurance that trading in its common stock will continue.