Springbig's Securities Will Be Delisted From The Nasdaq And Its Common Stock And Public Warrants To Be Quoted On The Otcqx Best Market Under "SBIG" And "SBIGW" Respectively, Beginning On Or About September 6, 2023 - 8K
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Springbig's securities will be delisted from the Nasdaq and its common stock and public warrants will be quoted on the OTCQX Best Market under the symbols 'SBIG' and 'SBIGW' respectively, starting around September 6, 2023.
September 05, 2023 | 10:41 am
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NEGATIVE IMPACT
Springbig's securities will be delisted from Nasdaq and will be quoted on the OTCQX Best Market under the symbol 'SBIG' starting around September 6, 2023.
Delisting from a major exchange like Nasdaq is often viewed negatively by investors as it can indicate financial instability or non-compliance with exchange requirements. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Springbig's public warrants will be quoted on the OTCQX Best Market under the symbol 'SBIGW' starting around September 6, 2023.
Similar to the common stock, the delisting of Springbig's public warrants from Nasdaq and their subsequent quotation on the OTCQX Best Market could be viewed negatively by investors, potentially leading to a decrease in the price of the warrants.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100