NYSE To Begin Delisting Proceedings Against Southport Acquisition
Portfolio Pulse from Benzinga Newsdesk
The New York Stock Exchange (NYSE) has announced it will start delisting proceedings against Southport Acquisition. This decision impacts the company's stock, symbolized as PORT, which will no longer be traded on the NYSE.
March 21, 2024 | 8:29 pm
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Southport Acquisition, trading under the symbol PORT, faces delisting from the NYSE, which will cease its stock's trade on this major exchange.
Delisting from a major exchange like the NYSE negatively impacts a company's stock by reducing its visibility and accessibility to investors, likely leading to a decrease in stock price in the short term.
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