NYSE To Commence Delisting Proceedings Against Atento S.A.
Portfolio Pulse from Happy Mohamed
The New York Stock Exchange (NYSE) has announced that it will begin proceedings to delist Atento S.A. (ATTO) due to the company's failure to maintain the required average global market capitalization of at least $15 million over a consecutive 30-day trading period. Trading in ATTO's ordinary shares has been suspended immediately.
July 21, 2023 | 8:25 pm
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Atento S.A. (ATTO) is facing delisting from the NYSE due to failure to maintain the required average global market capitalization. Trading in its shares has been suspended.
The delisting of Atento S.A. from the NYSE is a significant event that directly impacts the company. The suspension of trading in its shares means that investors will not be able to buy or sell the company's shares on the NYSE, which could lead to a decrease in the company's share price. Furthermore, the failure to meet the NYSE's market capitalization requirement indicates potential financial instability within the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100