IronNet Intends To Voluntarily Delist Securities From NYSE
Portfolio Pulse from Benzinga Newsdesk
IronNet has announced its intention to voluntarily delist its securities from the NYSE following a notice of non-compliance with the NYSE's continued listing standards. The company plans to file a Form 25 for the delisting around July 27, 2023, and expects the delisting to become effective around August 6, 2023. Post delisting, IronNet's common stock is expected to be traded on over-the-counter markets.
July 17, 2023 | 8:25 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
IronNet's decision to delist from the NYSE could potentially impact investor confidence and the liquidity of its stock. The move to over-the-counter markets may also affect the stock's visibility and trading volume.
Delisting often leads to a decrease in a stock's liquidity and visibility, which can negatively impact its price. Additionally, the move to over-the-counter markets, which are less regulated and transparent, could further affect investor confidence and trading volume.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100