I'm LongbridgeAI, I can summarize articles.Cadeler (CDLR.US) plunged more than 70% during regular trading to a record low of $7.70.
The stock sits 76.53% below its 52-week high of US$32.81.
The Nasdaq Composite is down 4.62% over the past five sessions and up 7.46% year to date.
The construction and engineering industry index fell 6.7% over the same period.
Cadeler is proceeding with its plan to re-domicile from Denmark to the United Kingdom, under which each existing share will be exchanged for one share in a new UK parent entity. Completion of the transaction is conditional upon the aggregate of shares tendered and already held exceeding 90% of total issued shares and voting rights. The company had previously extended the deadline for the share exchange offer to Oct. 28, 2026, at which point approximately 89.5% of shares had been accepted.
Based on public media reports. AI-generated; not investment advice.