Sonendo Announces Suspension Of NYSE Trading, Will Commence Trading On The OCTQX Effective Nov. 22, 2023
Portfolio Pulse from Benzinga Newsdesk
Sonendo, Inc. has announced that its stock will no longer be traded on the New York Stock Exchange (NYSE) and will begin trading on the OTCQX market effective November 22, 2023. This transition follows the suspension of trading on the NYSE.
November 21, 2023 | 9:31 pm
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Sonendo, Inc.'s stock will cease trading on the NYSE and will start trading on the OTCQX from November 22, 2023, which may indicate issues that led to the suspension and could affect investor confidence.
The move from a major exchange like the NYSE to a less prominent one like the OTCQX often reflects negatively on a company's financial health or compliance with listing standards. This can lead to decreased investor confidence and liquidity, potentially resulting in a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100