Lumen Technologies to Transfer Stock Listing to Nasdaq from NYSE

Lumen Technologies announced on Friday its plan to transfer the listing of its common stock from the New York Stock Exchange to the Nasdaq Global Select Market. The telecommunications firm said the move better reflects its identity as a technology-focused company, particularly as it expands its networking services for artificial intelligence (AI) customers.

Details of the Transfer

The transition is scheduled to occur in early October, according to the company's statement. Lumen assured investors that the move will not impact its business operations, financial condition, or public reporting obligations, and that no action is required from shareholders.

Key dates and details for the listing transfer include:

• The final day of trading on the NYSE is expected to be October 5.
• Trading on Nasdaq is scheduled to begin at the market open on October 6, subject to customary closing conditions.
• The company's common stock will retain its ticker symbol LUMN.
• Two series of notes from its subsidiary, Qwest Corp, will also transfer and continue trading under the symbols CTGG and CTHH.

Strategic Rationale

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Lumen's leadership positioned the exchange switch as a strategic alignment with its evolving business model. The move to the tech-heavy Nasdaq is intended to underscore the company's commitment to innovation and growth sectors.

"Nasdaq is the right home for this next chapter, reflecting the technology-focused business we are building," said Lumen CEO Kate Johnson in the announcement. This symbolic shift places Lumen alongside many of the world's leading technology and growth-oriented companies.

Market Implications

While the direct operational impact of changing a stock exchange is minimal, it can influence investor perception and a company's inclusion in certain market indexes. For Lumen, the transfer signals a deliberate effort to be identified more closely with the technology sector rather than as a traditional telecommunications provider. The company has formally applied for the Nasdaq listings and will file a Form 25 with the U.S. Securities and Exchange Commission to delist its securities from the NYSE.