NYSE American suspends trading in AtlasClear Holdings shares over low stock price
ATCH•NYSE American suspended trading in AtlasClear Holdings’ common stock and initiated delisting proceedings over its low selling price. The company plans to appeal and pursue a reverse stock split; OTC quotation is expected under “ATCH.”
1. Trading suspension and appeal
NYSE American notified AtlasClear Holdings of an immediate suspension of trading in its common stock and initiated delisting proceedings over the stock’s low selling price. The company plans to appeal and pursue a reverse stock split to support its appeal and continued listing. Its common stock remains listed but suspended pending review, with OTC quotation expected under “ATCH.” AtlasClearing’s clearing operations continue normally, and it says it meets regulatory net capital requirements.
