regulatory
confidence high
sentiment negative
materiality 0.80
GRIID Infrastructure Inc.: Nasdaq/NYSE listing notice — NYSE halts trading in ADEX securities; company fails market cap requirement, seeks transfer to NYSE American
GRIID Infrastructure Inc.
- NYSE halted trading in ADEX common stock, warrants, and units on February 7, 2023.
- Halt due to failure to maintain average aggregate global market cap of publicly-held shares ≥ $40M over 30 trading days.
- Company applied to transfer listing to NYSE American and is working with NYSE to facilitate.
- During halt, securities cannot be traded on any exchange or in the over-the-counter market.
- ADEX is pursuing a merger with Griid Holdco LLC; related proxy statement/prospectus filed with SEC.