GELESIS HOLDINGS, INC.: Nasdaq/NYSE listing notice — NYSE begins delisting proceedings for Gelesis (GLS) after market cap falls below $15M threshold

GELESIS HOLDINGS, INC.

Trading suspended after market close on April 10, 2023; delisting initiated under Section 802.01B.
Average global market cap over 30 consecutive trading days fell below the required $15,000,000.
Company will not appeal; expects common stock to trade on OTC market starting April 11, 2023, under same ticker GLS.
Company remains subject to all SEC reporting obligations under the Exchange Act.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

GELESIS HOLDINGS, INC. received a nyse delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

April 10, 2023. NYSE Regulation reached its decision to delist these securities 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 does not intend to appeal the delisting determination. The Company anticipates that its common stock identified above will be traded in the over-the-counter (“OTC”) market commencing on April 11, 2023. The common stock will

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Source: SEC EDGAR

accession 0000950170-23-012365

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