NYSE American To Begin Delisting Proceedings Against Nuburu; Trading To Be Suspended Immediately
Portfolio Pulse from Benzinga Newsdesk
NYSE American has announced that it will begin delisting proceedings against Nuburu, with trading to be suspended immediately.
June 13, 2024 | 8:17 pm
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NEGATIVE IMPACT
NYSE American has initiated delisting proceedings against Nuburu, and trading will be suspended immediately. This regulatory action is likely to have a negative impact on the stock price.
The delisting and immediate suspension of trading are significant regulatory actions that typically result in a negative market reaction. Investors will likely see a drop in the stock price due to the loss of liquidity and market confidence.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100