Kelso Technologies Inc. Announces Intention To Delist From NYSE American
Portfolio Pulse from Benzinga Newsdesk
Kelso Technologies Inc. (KIQ) announced its intention to voluntarily delist its shares from the NYSE American due to non-compliance with the exchange's listing standards related to low share price. The company decided against a reverse split, deeming it not in shareholders' best interest. Kelso's shares will continue to trade on the Toronto Stock Exchange (TSX). The delisting process is expected to be completed around March 25, 2024.
March 05, 2024 | 2:06 pm
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Kelso Technologies Inc. intends to delist from the NYSE American due to non-compliance with listing standards, opting to continue trading on the TSX instead.
The decision to delist from the NYSE American is a significant move that typically reflects underlying challenges such as maintaining compliance with listing standards, in this case due to a low share price. This could negatively impact investor perception and the stock's liquidity in the short term, as delisting from a major U.S. exchange reduces its visibility and accessibility to a broader investor base.
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