NYSE to Commence Delisting Proceedings Against Fisker Inc. (FSR)
NEW YORK--(BUSINESS WIRE)-- The New York Stock Exchange (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of Fisker Inc. (the “Company”) — ticker symbol FSR — from the NYSE. Trading in the Company’s Class A common stock will be suspended immediately.
NYSE Regulation has determined that the Company’s Class A common stock is no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Class A common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240325893751/en/
Company Contact:
Communications:
Matthew DeBoard, VP, Communications
[email protected]
Investor Relations:
Eric Goldstein, Head of Investor Relations
[email protected]
NYSE Contact:
NYSE Communications
[email protected]
Source: NYSE Regulation
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