SunPower Reveals Receipt Of Notice From Nasdaq About Delisting Company's Common Stock
Portfolio Pulse from Benzinga Newsdesk
SunPower has received a notice from Nasdaq about the delisting of its common stock. Trading on Nasdaq will be suspended on August 16, 2024, and the stock is expected to move to the 'pink sheets'.
August 12, 2024 | 9:03 pm
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SunPower has received a delisting notice from Nasdaq, with trading to be suspended on August 16, 2024. The stock will move to the 'pink sheets'.
The delisting from Nasdaq and subsequent move to the 'pink sheets' is a significant negative event for SunPower. It indicates potential financial or regulatory issues and will likely lead to decreased investor confidence and liquidity, resulting in a short-term price decline.
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