QualTek Services Inc. Receives Nasdaq Delisting Notice
Portfolio Pulse from Happy Mohamed
QualTek Services Inc. (NASDAQ:QTEK) has received a delisting notice from Nasdaq due to the company's commencement of voluntary Chapter 11 bankruptcy proceedings. Trading in the company's common stock will be suspended on June 2, 2023.
May 31, 2023 | 12:46 pm
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QualTek Services Inc. will be delisted from Nasdaq due to its voluntary Chapter 11 bankruptcy proceedings, with trading suspension starting on June 2, 2023.
The delisting of QualTek Services Inc. from Nasdaq is a direct result of the company's voluntary Chapter 11 bankruptcy proceedings. This will negatively impact the stock price as trading will be suspended, and investors may lose confidence in the company's financial stability.
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