Just caught up on Cardno's delisting situation - apparently they went through with it back in early 2025. The company got shareholder approval to delist from ASX, which honestly feels like a pretty significant move for anyone who was holding the stock.

From what I can gather, Cardno shareholders had to offload their shares before the trading suspension kicked in mid-January. Once that happened, if you still held any shares, you'd need to arrange private sales instead of trading on the exchange. Pretty different from just being able to sell whenever you want.

It's one of those corporate decisions that makes you think about what was driving it - companies don't usually go private without a specific reason. Whether it's restructuring, going after different capital strategies, or just deciding public markets weren't the right fit anymore. Either way, Cardno's delisting is a good reminder to stay on top of corporate actions if you've got positions in smaller-cap stocks.