It going to be delisted!
$Quanergy Systems(QNGY.US$
What will happen to my stock? Though I just hold very little of it, but it is still good to know what will happen next? Does the stock go zero value? Or will the company sell all their assets and return whatever remain to the share holder?
What will happen to my stock? Though I just hold very little of it, but it is still good to know what will happen next? Does the stock go zero value? Or will the company sell all their assets and return whatever remain to the share holder?
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hhhhgggg : i learn from others: Once a stock is delisted, the company’s shares can keep trading through a process known as “over-the-counter.” You have limited time to sell your shares before they are converted into cash or sold at a predetermined conversion rate by the company. While you can still sell your shares when a company trades over the counter, the bid/ask spreads may be relatively wide, meaning that buyers willing to pay your desired price are scarce.
LithanjahOP hhhhgggg: Thanks a lot for the explanation! It looks like we are now in OTC period?!