regulatory
confidence high
sentiment negative
materiality 1.00
Wejo Group Ltd: Nasdaq/NYSE listing notice — Nasdaq to delist Wejo Group on June 9 after UK insolvency filing
Wejo Group Ltd
- Filed notice to appoint administrator in UK High Court on May 30; Nasdaq delisting notice received May 31.
- Nasdaq determined delisting under Rules 5101, 5110(b) due to insolvency filing; company will not appeal.
- Trading of common shares (WEJO) and warrants (WEJOW) suspended from June 9, 2023.
- No specific financial impact disclosed, but delisting follows insolvency proceedings.