Shift Technologies Said On Oct 10, Co Was Notified By Nasdaq That It Commenced Proceedings To Delist Common Stock Of Co; Said Trading Of Common Stock Will Be Suspended By Nasdaq At Opening Of Business On October 19
Portfolio Pulse from Charles Gross
Shift Technologies has been notified by Nasdaq that it will commence proceedings to delist the company's common stock. Trading of the stock will be suspended at the opening of business on October 19.
October 11, 2023 | 10:16 am
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Shift Technologies' stock is to be delisted from Nasdaq, with trading suspension starting on October 19.
The delisting of a company's stock from an exchange is a significant event that can lead to a decrease in the stock's price. This is due to the reduced liquidity and visibility that comes with being delisted. In this case, Shift Technologies' stock will be delisted from Nasdaq, which is likely to negatively impact the stock's price in the short term.
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