Adit EdTech Acquisition Corp. shares are trading lower after the company announced that it intends to voluntarily de-list from the NYSE American.
Portfolio Pulse from Benzinga Newsdesk
Adit EdTech Acquisition Corp. (ADEX) has announced its intention to voluntarily de-list from the NYSE American, causing its shares to trade lower.
December 26, 2023 | 4:40 pm
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NEGATIVE IMPACT
ADEX shares are trading lower following the announcement of the company's plan to voluntarily de-list from the NYSE American.
The announcement of ADEX's intention to de-list typically leads to a negative market reaction as it implies a reduction in the stock's liquidity and visibility among investors. This can result in a decrease in share price in the short term as investors may sell off shares in response to the uncertainty and potential decreased accessibility.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100