other material
confidence high
sentiment negative
materiality 0.75
Charah Solutions, Inc.: Nasdaq/NYSE listing notice — Charah Solutions NYSE delisted for failing $15M market cap; OTC Pink trading begins April 4
Charah Solutions, Inc.
- NYSE notified Company on April 3 it failed 30-day avg global market cap of $15M under Section 802.01B.
- Trading suspended at 4:00 PM ET April 3; Company will not appeal the delisting determination.
- Common stock (CHRA) and 8.5% Senior Notes due 2026 (CHRB) to begin trading on OTC Pink April 4.
- OTC Pink is a more limited market, likely reducing liquidity and possibly further depressing security prices.
- Business operations unaffected; Company remains subject to SEC reporting requirements.