Elys Game Technology Reports Decision Of Nasdaq Hearings Panel To Delist Common Shares
Portfolio Pulse from Benzinga Newsdesk
Elys Game Technology has reported that the Nasdaq Hearings Panel has decided to delist its common shares. The company is in the process of transferring the quotation of its common stock to one of the over-the-counter markets operated by OTC Markets Group Inc. The shares will continue to trade under the symbol 'ELYS'.
October 16, 2023 | 9:31 pm
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Elys Game Technology's common shares are being delisted from Nasdaq and will be transferred to an over-the-counter market. This could potentially impact the liquidity and visibility of the stock.
Delisting from a major exchange like Nasdaq often leads to decreased liquidity and visibility of a stock, which can negatively impact its price. The company's shares will continue to trade under the symbol 'ELYS' on an over-the-counter market, which typically have less stringent listing requirements but also less visibility and liquidity compared to major exchanges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100