NYSE to Commence Delisting Proceedings with Respect to Warrants of The Lion Electric Company (LEV.WS)
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The New York Stock Exchange (NYSE) has announced the commencement of delisting proceedings for the warrants of The Lion Electric Company, ticker symbol LEV.WS, which are set to expire on May 6, 2026. Trading in these warrants will be suspended immediately. The company's common shares, ticker symbol LEV, are not affected by this action.
November 19, 2024 | 9:30 pm
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NEUTRAL IMPACT
The Lion Electric Company's common shares (LEV) are not affected by the NYSE's decision to delist the company's warrants.
While the warrants are being delisted, the common shares (LEV) are not impacted by this regulatory action. Therefore, the short-term price direction for LEV is neutral.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The NYSE is delisting The Lion Electric Company's warrants (LEV.WS), with trading suspended immediately. This action affects the warrants but not the common shares.
The delisting of LEV.WS warrants by the NYSE is a significant regulatory action that directly impacts the trading and value of these warrants. The immediate suspension of trading indicates a negative short-term impact on the warrants' price.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100