illumin Announces Intention To Voluntarily Delist From NASDAQ
Portfolio Pulse from Happy Mohamed
illumin Holdings Inc. (NASDAQ:ILLM) has announced its intention to voluntarily delist its common shares from the NASDAQ Stock Market. The company believes the costs and administrative requirements of maintaining a dual listing are not justified. The shares will continue to trade on the Toronto Stock Exchange (TSX). The delisting from NASDAQ is expected to occur on or about September 11, 2023.
September 01, 2023 | 12:03 pm
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illumin Holdings Inc. is delisting from NASDAQ, which may lead to decreased liquidity and potentially lower share prices. However, shares will continue to trade on the TSX.
Delisting from a major exchange like NASDAQ can lead to decreased liquidity as there are fewer potential buyers. This could potentially lead to lower share prices. However, the impact may be mitigated by the fact that shares will continue to trade on the TSX.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100