Fusion Acquisition Corp. II Receives Notice From The NYSE Regarding Immediate Suspension In Trading Of Securities And Commencement Of Delisting Proceedings
Portfolio Pulse from Benzinga Newsdesk
Fusion Acquisition Corp. II has received a notice from the New York Stock Exchange (NYSE) regarding the immediate suspension of trading of its securities. The NYSE has also commenced delisting proceedings against the company.
October 20, 2023 | 8:06 pm
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Fusion Acquisition Corp. II, listed as FSNB, has had its securities trading suspended by the NYSE, which has also initiated delisting proceedings.
The immediate suspension of trading and the commencement of delisting proceedings by the NYSE are significant negative events for Fusion Acquisition Corp. II. This will likely lead to a decrease in the stock price in the short term as it limits the liquidity of the stock and may cause investors to lose confidence in the company.
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IMPORTANCE 100
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