Movella Reveals Voluntary Delisting From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Movella has announced its voluntary delisting from the Nasdaq Global Market, with the expected last trading day of its Common Stock and Warrants on or about April 11, 2024.
March 20, 2024 | 9:31 pm
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Movella's voluntary delisting from the Nasdaq Global Market is expected to have a significant impact on its stock and warrants, with the last trading day anticipated around April 11, 2024.
Voluntary delisting typically leads to a decrease in stock price due to reduced visibility and liquidity. Investors may see this as a negative signal about the company's future prospects or financial health, leading to a potential sell-off before the delisting date.
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