Nasdaq Approves EHang's Request To Suspend Trading Of ADSs Until No Later Than October 13, 2023 Pending Material Announcement
Portfolio Pulse from Benzinga Newsdesk
EHang Holdings Limited (NASDAQ:EH), an autonomous aerial vehicle technology platform company, has voluntarily requested and received approval from Nasdaq to temporarily suspend trading of its American depositary shares (ADSs) in anticipation of a significant business operations announcement. The suspension will last until no later than October 13, 2023.
October 09, 2023 | 1:15 pm
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NEUTRAL IMPACT
EHang's trading suspension could lead to increased volatility upon resumption, depending on the nature of the upcoming announcement.
The suspension of trading often leads to increased volatility upon resumption, as investors react to the new information. The impact on EHang's stock price will depend on the nature of the upcoming announcement.
CONFIDENCE 80
IMPORTANCE 100
RELEVANCE 100