NYSE To Begin Delisting Proceedings Against Lightning eMotors
Portfolio Pulse from Benzinga Newsdesk
The New York Stock Exchange (NYSE) has announced that it will begin delisting proceedings against Lightning eMotors, a company listed under the ticker symbol ZEV.
September 18, 2023 | 8:24 pm
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Lightning eMotors, listed as ZEV, is facing delisting proceedings from the NYSE. This could negatively impact the company's stock price in the short term.
Delisting from a major exchange like the NYSE can negatively impact a company's stock price as it reduces the liquidity of the stock and may undermine investor confidence. This is particularly relevant for ZEV as the news directly pertains to them.
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