Vicinity Motor Corp shares are trading lower after the company announced PricewaterhouseCoopers resigned as its auditor and expects the BC Securities Commission will cease the trading of its common stock by Monday, October 21.
Portfolio Pulse from Benzinga Newsdesk
Vicinity Motor Corp shares fell after PricewaterhouseCoopers resigned as its auditor. The company anticipates that the BC Securities Commission will halt trading of its stock by October 21.
October 18, 2024 | 6:06 pm
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Vicinity Motor Corp's stock is under pressure following the resignation of its auditor, PricewaterhouseCoopers. The company expects a trading halt by the BC Securities Commission by October 21.
The resignation of a major auditor like PricewaterhouseCoopers can signal potential financial or operational issues, leading to a loss of investor confidence. The anticipated trading halt by the BC Securities Commission further exacerbates concerns, likely causing a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100