NYSE To Commence Delisting Proceedings Against Rubicon Technologies
Portfolio Pulse from Benzinga Newsdesk
The New York Stock Exchange (NYSE) has announced that it will commence delisting proceedings against Rubicon Technologies (RBT). This decision follows the company's failure to meet the NYSE's continued listing standards.
June 07, 2024 | 8:47 pm
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The NYSE has announced delisting proceedings against Rubicon Technologies (RBT) due to the company's failure to meet continued listing standards. This could lead to a significant drop in the stock price as investors react to the news.
The delisting proceedings by the NYSE indicate serious compliance issues for Rubicon Technologies, which is likely to result in a loss of investor confidence and a subsequent drop in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100