Why Pixie Dust Technologies (PXDT) Stock Is Down 30%
Portfolio Pulse from Henry Khederian
Pixie Dust Technologies Inc (NASDAQ:PXDT) shares dropped nearly 30% as the company announced plans to voluntarily delist from NASDAQ due to high costs and redirect resources towards growth. The delisting is expected on November 15, with ADR termination in January 2025 and SEC deregistration in February 2025.
October 24, 2024 | 3:46 pm
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Pixie Dust Technologies Inc shares fell nearly 30% after announcing plans to delist from NASDAQ due to high costs. The company aims to redirect resources towards growth, with delisting expected on November 15.
The decision to delist from NASDAQ is a significant move that directly impacts PXDT's stock price, causing a nearly 30% drop. The delisting indicates potential financial challenges and a strategic shift, which are critical for investors.
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