Aerwins Technologies (NASDAQ:AWIN) stock is plummeting on Tuesday as the company’s shares are going to be delisted today!
Aerwins Technologies was sent a delisting notice from the Nasdaq Hearings Panel earlier this year about the danger of its delisting. The company failed to overcome the issues it was facing, which is resulting in shares being delisted from the Nasdaq today.
This will result in shares of AWIN stock being suspended from the Nasdaq when business opens this morning. This will see the exchange file a Form 25 with the U.S. Securities and Exchange Commission (SEC) to remove shares from its market.
What’s Next for AWIN Stock?
Aerwins Technologies said that it’s considering strategic alternatives alongside this delisting notice. That includes the potential sale or a joint venture to continue its operations.
As a part of that, Aerwins expects shares to be listed on an alternative trading market after today’s delisting. The company hasn’t provided further details about what market this will be.
AWIN stock is down 53.9% as of Tuesday morning. The stock was also down 77.3% since the start of the year when markets closed yesterday.
Investors seeking out even more of the most recent stock market stories are in luck!
We have all of the hottest stock market news that traders need to know about on Tuesday! A few examples include what’s happening with shares of Actelis Networks (NASDAQ:ASNS) and NLS Pharmaceutics (NASDAQ:NLSP) stock today, as well as the biggest pre-market stock movers this morning. All of that info is ready to go at the links below!
More Tuesday Stock Market News
- Why Is Actelis Networks (ASNS) Stock Up 144% Today?
- Why Is NLS Pharmaceutics (NLSP) Stock Up 163% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
