ZME - Zhangmen Education trading suspended by NYSE

June, 02 2022 11:37 AM Zhangmen Education Inc. American Depositary Shares each representing nine (9) Class A

Trading in Zhangmen Education Inc. (NYSE:ZME) was immediately suspend by the NYSE as the exchange has determined to commence proceedings to delist the Chinese tutoring company's American Depositary Shares. The exchange plans to delist the Zhangmeng ADS because the company had fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market cap over a consecutive 30 trading day period of at least $15 million, according to a statement. Zhangmen Education (ZME) has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. Zhangmen shares have plunged almost 100% over the past year after China last summer for the most part banned for-profit tutoring companies.

For further details see:

Zhangmen Education trading suspended by NYSE

Company Name:	Zhangmen Education Inc. American Depositary Shares each representing nine (9) Class A
Stock Symbol:	ZME
Market:	NYSE

Twitter