Semantix Inc ( STIX ) shares are trading lower by 39.6% to $0.53 during Friday’s session after the company announced it will voluntarily delist from the Nasdaq Global Market.

Semantix ( STIX ) says the decision, influenced by various factors including costs and burdens associated with public trading, will take effect around April 15.

Following delisting, trading of Semantix ( STIX ) securities will likely occur through private sales or potentially on an over-the-counter market operated by OTC Markets Group Inc., but there’s no guarantee of continued trading availability. Semantix ( STIX ) also intends to suspend its reporting obligations under SEC regulations.

See Also: U.S. Labor Market Heats Up In March: Payrolls Grow By 303,000, Highest In 10 Months

According to data from Benzinga Pro, STIX has a 52-week high of $4.77 and a 52-week low of $0.45.