SpartanNash Co Delists from Nasdaq Following Merger
SpartanNash Co has announced its delisting from Nasdaq following a merger, with each share converted to a cash payment of $26.90. The merger resulted in the cancellation of equity-based awards and a request to terminate SEC registration. The latest analyst rating for SPTN stock is a Hold with a $28.00 price target. Spark's AI Analyst rates SPTN as Neutral, highlighting strong revenue growth but cautioning about profitability challenges and legal risks. Current market cap stands at $910.8M.
SpartanNash Co ( (SPTN) ) has shared an announcement.
SpartanNash Co, a company involved in a merger agreement, announced that each share of its common stock was converted into a cash payment of $26.90 at the effective time of the merger. The merger also led to the vesting and cancellation of equity-based awards, which were converted into cash-based awards. As part of the merger, SpartanNash requested the delisting of its common stock from Nasdaq, effective September 22, 2025, and plans to terminate its registration and reporting obligations with the SEC. This strategic move marks a significant change in SpartanNash’s corporate structure and market presence.
The most recent analyst rating on (SPTN) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on SpartanNash Co stock, see the SPTN Stock Forecast page.
Spark’s Take on SPTN Stock
According to Spark, TipRanks’ AI Analyst, SPTN is a Neutral.
SpartanNash Co’s overall stock score reflects strong revenue growth and strategic initiatives, tempered by profitability challenges and high leverage. The merger with C&S Wholesale Grocers offers potential benefits, but legal challenges and current financial pressures present risks. Technical indicators suggest the stock may be overbought, adding caution to the outlook.
To see Spark’s full report on SPTN stock, click here.
More about SpartanNash Co
Average Trading Volume: 1,033,833
Technical Sentiment Signal: Buy
Current Market Cap: $910.8M
