Vapotherm Reveals Notification To NYSE Of Intention To Voluntarily Delist Common Stock Application Pending To Transfer Shares To OTCQX
Portfolio Pulse from Benzinga Newsdesk
Vapotherm has notified the NYSE of its intention to voluntarily delist its common stock. The company is seeking to transfer its shares to the OTCQX, a trading platform for over-the-counter stocks.
December 11, 2023 | 11:48 am
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Vapotherm's decision to delist from NYSE and transfer to OTCQX may lead to increased volatility and potentially lower liquidity for its shares in the short term.
Delisting from a major exchange like the NYSE typically results in reduced visibility and investor confidence, which can lead to decreased liquidity and increased volatility. The move to OTCQX is often viewed as a step down, impacting the perception of the stock.
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RELEVANCE 100