Reported Earlier, NUBURU To Appeal The NYSE's Determination To Delist Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
NUBURU has announced its intention to appeal the NYSE's decision to delist its common stock. The company is taking steps to address the situation and maintain its listing status.
June 14, 2024 | 6:20 am
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NUBURU is appealing the NYSE's decision to delist its common stock. This move indicates the company's efforts to maintain its listing status, which could impact investor confidence and stock price volatility in the short term.
The appeal against delisting suggests potential instability and uncertainty around NUBURU's stock. Investors may react negatively due to the perceived risk, leading to short-term price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100