SA SEABRIDGE GOLD INC
Price Chart
Executive Summary
Seabridge Gold Inc. filed a Form 25-NSE with the NYSE to remove its old common shares (CUSIP 811916105) from listing and registration, effective June 16, 2026, following a mandatory exchange that became effective June 5, 2026. Under the exchange, each old common share converts into one new Seabridge Gold common share (CUSIP 811927102) plus a fractional share of Valor Gold Corp. (approximately 1 share per 1.957 old SA shares). The new Seabridge Gold common shares continue trading on the NYSE under the same ticker, so this is a corporate restructuring event, not a delisting or going-private transaction.
Actionable Insight
This is a structural reorganization, not a delisting. The new Seabridge Gold shares continue trading on NYSE under the same ticker. Monitor the spin-off of Valor Gold Corp. shares for potential value unlock. No immediate trading action required for SA holders.
Key Facts
- Form 25-NSE filed June 5, 2026, effective June 16, 2026, to remove old Seabridge Gold common shares (CUSIP 811916105) from NYSE listing and registration.
- Mandatory exchange effective June 5, 2026: each old common share converts into one new Seabridge Gold common share (CUSIP 811927102) plus approximately 0.511 Valor Gold Corp. shares (1 Valor share per 1.957 old SA shares).
- New Seabridge Gold common shares (CUSIP 811927102) continue trading on NYSE — this is not a delisting of the company.
- The exchange is pursuant to Rule 12d2-2(a)(3) — securities now represent other securities in substitution plus a right to receive cash.
- Trading in the old shares was suspended on June 5, 2026.
Financial Impact
No cash consideration disclosed; old shares replaced by new SA shares and fractional Valor Gold Corp. shares. No financial impact on ongoing Seabridge Gold operations.
Risk Factors
- Potential short-term price dislocation during the transition from old to new CUSIP.
- Uncertainty around the valuation and liquidity of the fractional Valor Gold Corp. shares received by holders.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000507 |
| Document: 0000876661-26-000507-index.html | 0000876661-26-000507 |
| Document: 0000876661-26-000507.txt | 0000876661-26-000507 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 9, 2026
3d ago
|
6-K
| $27.80 awaiting T+1 | awaiting T+1 | — | $28.04 (+0.88%) |
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Jun 8, 2026
4d ago
|
6-K
| $28.42 awaiting T+1 | awaiting T+1 | — | $28.04 (−1.34%) |
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Jun 5, 2026
7d ago
|
25-NSE
| $30.70 awaiting T+1 | awaiting T+1 | — | $28.04 (−8.66%) |
|
Jun 4, 2026
8d ago
|
6-K
| $34.05 $29.42 | ▼ −13.60% | ▼ −11.00% | $28.04 (−17.65%) |
|
May 27, 2026
16d ago
|
6-K
| $30.93 $32.32 | ▲ +4.49% | ▲ +3.94% | $28.04 (−9.34%) |
|
May 22, 2026
21d ago
|
6-K
| $31.45 $30.93 | ▼ −1.65% | ▼ −1.67% | $28.04 (−10.84%) |
|
May 14, 2026
29d ago
|
6-K
| $31.56 $29.41 | ▼ −6.81% | ▼ −5.59% | $28.04 (−11.15%) |
|
Apr 28, 2026
6w ago
|
6-K
| $26.83 $26.83 | · 0.00% | ▼ −1.02% | $28.04 (+4.51%) |
|
Apr 15, 2026
8w ago
|
6-K
| $31.11 $31.47 | ▲ +1.16% | ▲ +0.90% | $28.04 (−9.87%) |
|
Apr 10, 2026
9w ago
|
6-K
| $31.15 $31.33 | ▼ −0.58% | ▲ +0.40% | $28.04 (+9.98%) |
US Market Status
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