Airspan Reveals Delisting From NYSE American
Portfolio Pulse from Benzinga Newsdesk
Airspan has announced its delisting from the NYSE American, with trading of its common stock suspended effective April 1, 2024. The company has decided not to appeal the NYSE Regulation's determination.
April 04, 2024 | 8:37 pm
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Airspan, trading under the symbol MIMO, will be delisted from the NYSE American, with its stock trading suspended from April 1, 2024. The company has chosen not to appeal the delisting decision.
The delisting of Airspan from the NYSE American is a significant event that directly impacts its stock, symbolized as MIMO. The suspension of trading indicates a negative outlook for the stock's liquidity and investor perception. The decision not to appeal suggests the company is not taking immediate steps to reverse this situation, further solidifying the negative impact on the stock's short-term performance.
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