NEW YORK--(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.
Contacts
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-Plötz
Phone: +49 911 597 575-302
Amueller-ploetz@via-optronics.com
NYSE Contact:
NYSE Communications
PublicRelations-NYSE@ice.com