LAIX - NYSE suspends trading in LAIX to begin delisting proceedings

April, 07 2022 04:42 PM LAIX Inc. American Depositary Shares each representing one Class A

NYSE on Thursday said it will begin proceedings to delist LAIX's (NYSE:LAIX) American Depositary Shares (ADSs), each representing 14 class A shares. Trading in LAIX's ADSs was suspended after market close on Thursday. NYSE decided to delist the ADSs as LAIX had fallen below the continued listing standard requiring listed firms to maintain an average global market cap over a 30 straight days of at least $15M. LAIX has a right to a review of this decision by a committee of NYSE's board. NYSE will apply to the SEC to delist the ADSs on completion of all applicable procedures, including any appeal by LAIX of the decision. LAIX had received an NYSE non-compliance notice in Sept.

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NYSE suspends trading in LAIX, to begin delisting proceedings

Company Name:	LAIX Inc. American Depositary Shares each representing one Class A
Stock Symbol:	LAIX
Market:	NYSE

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