Next.e.GO Announces Additional Staff Determination Letter And Delisting; Hearing Was Scheduled For May 16, 2024, Co Withdrew Its Appeal, The Hearing Will Not Take Place And The Co's Share Will Be Delisted From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Next.e.GO N.V. (NASDAQ:EGOX) announced it received a determination letter from Nasdaq for additional delisting reasons, including unpaid fees and failure to meet the minimum bid price requirement. The company withdrew its appeal for a hearing scheduled on May 16, 2024, leading to its shares being delisted from Nasdaq.
April 29, 2024 | 5:32 pm
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Next.e.GO N.V. shares will be delisted from Nasdaq due to unpaid fees and failure to meet minimum bid price requirements.
The delisting of EGOX from Nasdaq is a direct consequence of the company's failure to pay required fees and maintain the minimum bid price, as well as its decision to withdraw its appeal for a hearing. This action significantly impacts the stock's accessibility and attractiveness to investors, likely leading to a negative short-term impact on its price.
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