NYSE to Commence Delisting Proceedings Against VIA optronics AG (VIAO)
April 24 2024 - 4:38PM
Business Wire
The New York Stock Exchange (“NYSE”, the “Exchange”) announced
today that the staff of NYSE Regulation has determined to commence
proceedings to delist the American Depositary Shares (“ADSs”), each
representing one fifth of an ordinary share of VIA optronics AG
(the “Company”) — ticker symbol VIAO — from the NYSE. Trading in
the Company’s ADSs will be suspended immediately.
NYSE Regulation reached its decision to delist the Company’s
ADSs pursuant to Section 802.01B of the NYSE’s Listed Company
Manual because the Company had fallen below the NYSE’s continued
listing standard requiring listed companies to maintain an average
global market capitalization over a consecutive 30 trading day
period of at least $15,000,000.
The Company has a right to a review of this determination by a
Committee of the Board of Directors of the Exchange. However, on
April 19, 2024, the Company filed a Form 25 with the Securities and
Exchange Commission to voluntarily delist its ADSs, which will
become effective April 29, 2024.
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Company Contact: Investor
Relations Sam Gibbons or Margaret Jones Alpha IR Group Phone:
+1 312-445-2870 VIAO@alpha-ir.com Media Contact Alexandra
Müller-Pl�tz Phone: +49 911 597 575-302
Amueller-ploetz@via-optronics.com NYSE
Contact: NYSE Communications
PublicRelations-NYSE@ice.com