QNGY - Quanergy Systems intends to appeal NYSE's delisting decision
- Quanergy Systems ( OTCPK:QNGY ) said it intends to appeal an NYSE decision to commence proceedings to delist the company's shares and warrants to purchase shares.
- The stock exchange had reached its decision to delist the securities because QNGY had fallen below a requirement to maintain an average global market capitalization of at least $15M over a consecutive 30 trading day period.
- The securities trading was suspended after Nov. 8 market close.
- The sensors and smart 3D solutions provider plans to appeal the decision to a committee of the NYSE board.
- Source: Press Release
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Quanergy Systems intends to appeal NYSE's delisting decision