NYSE American To Commence Delisting Proceedings With Respect To Warrants Of SatixFy Communications Ltd.
Portfolio Pulse from Benzinga Newsdesk
The NYSE American has initiated delisting proceedings for the warrants of SatixFy Communications Ltd. according to an SEC filing. This action will likely affect the trading of SatixFy's warrants on the exchange.
November 17, 2023 | 9:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SatixFy Communications Ltd.'s warrants are subject to delisting by NYSE American, which could negatively impact their liquidity and marketability.
The commencement of delisting proceedings for SatixFy's warrants by NYSE American is a significant regulatory action that typically leads to decreased liquidity and investor interest in the affected securities. This can result in a negative short-term impact on the price and marketability of the warrants.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100