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SOLAI trading suspended as NYSE starts delisting process
SOLAI announced that the New York Stock Exchange has started proceedings to delist the company's American depositary shares, and trading has been suspended immediately. The move happened because the company failed to maintain the required average global market capitalization of at least $15 million over 30 consecutive trading days. The company is entitled to appeal the delisting decision before a committee of the NYSE Board of Directors. The NYSE will file for delisting with the SEC after completing the appeal process, if any.
SLAI · Regulation · Negative NYSE began delisting proceedings and suspended trading of SOLAI's ADSs for failing the $15M minimum market-cap requirement.