SEC grants Nano Magic's petition to retroactively vacate 2020 trading suspension

Nano Magic Inc.

SEC vacated the 10-day trading suspension issued April 30, 2020, nunc pro tunc to that date.
Company and CEO Tom Berman tout vindication after over four-year legal battle; stock had effectively not traded for nearly four years.
Decision described as unprecedented: first time SEC retroactively set aside a trading suspension.
Litigation led by Jacob Frenkel of Dickinson Wright; company can now focus on nanotechnology product development.

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