Pinnacle Financial (PNFP) stock: Nasdaq halt set for Jan. 2 as Synovus merger shifts shares to NYSE
NEW YORK, January 1, 2026, 2:05 PM ET — Market closed Pinnacle Financial Partners, Inc. (PNFP) shares are set to be suspended from trading effective Jan. 2 as the bank’s merger with Synovus Financial Corp. becomes effective at 11:59 p.m. ET on Jan. 1, Nasdaq said in a corporate actions alert. Nasdaq said Pinnacle common shareholders will receive one share of Steel Newco Inc. (to be renamed Pinnacle Financial Partners, Inc.) for each Pinnacle share, while Pinnacle’s depositary shares (PNFPP) will convert into a new depositary security tied to preferred stock. NASDAQ Trader The timing matters now because the deal