regulatory
confidence high
sentiment negative
materiality 0.85
NYSE moves to delist ESS Tech (GWH) after failure to regain $50M equity or market-cap listing standard
ESS Tech, Inc.
- On September 24, 2026, NYSE notified ESS Tech that NYSE Regulation will commence proceedings to delist its common stock (symbol GWH) from the NYSE.
- Delisting triggered under Section 802.02 because the company did not regain compliance with Section 802.01B by the end of the maximum plan period.
- Section 802.01B requires at least $50M in stockholders' equity or $50M in total market capitalization on a 30-trading-day average basis.
- ESS Tech says it currently intends to request a review by a Committee of the NYSE Board within 10 business days and appeal, but gives no assurance the appeal will succeed.
- If no appeal is filed or the appeal fails, NYSE announces a trading suspension date and applies to the SEC to delist; CFO Kate Suhadolnik signed the report dated September 30, 2026.