Clean Energy Special Situations Corp. Receives Notice From Nasdaq Regarding Suspension Of Trading of Securities And Plans To File For Hearing
Portfolio Pulse from Benzinga Newsdesk
Clean Energy Special Situations Corp. (SWSS) received a notice from Nasdaq for not complying with listing standards due to unpaid fees and failure to file its 2023 Form 10-K. The company plans to appeal the delisting decision and is exploring options to regain compliance. Trading of SWSS's common stock may be suspended on May 2, 2024, if the appeal to Nasdaq's Hearings Panel does not succeed.
April 29, 2024 | 8:08 pm
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Clean Energy Special Situations Corp. is at risk of Nasdaq delisting due to non-compliance with listing standards. The company is appealing but faces potential trading suspension.
The notice from Nasdaq regarding non-compliance with listing standards and the potential suspension of trading significantly impacts investor confidence and the stock's liquidity. The uncertainty surrounding the appeal's outcome and the company's ability to regain compliance could lead to a negative short-term impact on SWSS's stock price.
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