regulatory
confidence high
sentiment neutral
materiality 0.50
Claritev Corp (CTEV): Nasdaq/NYSE listing notice — NYSE to delist MultiPlan warrants (MPLN.WS) due to abnormally low price; common stock unaffected
Claritev Corp
- NYSE notified MultiPlan on Jan 2, 2024, of delisting proceedings for its warrants (MPLN.WS) due to 'abnormally low' trading price levels.
- Trading in warrants suspended immediately; delisting proceedings commenced under NYSE Section 802.01D.
- Company does not intend to appeal the NYSE's determination.
- Common stock (MPLN) continues to trade on NYSE unaffected.
- Warrants exercisable at $11.50 per share for one share of Class A common stock.