Scorpius Holdings Receives Notice Of NYSE American's Intent To Delist Common Stock Due To Low Selling Price; Plans To Appeal Determination To Listing Qualifications Panel
Portfolio Pulse from Benzinga Newsdesk
Scorpius Holdings has received a notice from NYSE American regarding the intent to delist its common stock due to a low selling price. The company plans to appeal this determination to the Listing Qualifications Panel.
June 17, 2024 | 12:02 pm
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Scorpius Holdings has been notified by NYSE American of an intent to delist its common stock due to low selling prices. The company plans to appeal this decision to the Listing Qualifications Panel.
The notice of delisting from NYSE American is a significant negative event for Scorpius Holdings, as it indicates the stock is not meeting the exchange's requirements. The company's plan to appeal may provide some hope, but the immediate impact is likely negative due to the uncertainty and potential loss of investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100