NYSE American suspends trading in AtlasClear Holdings shares over low stock price
ATCH•NYSE American suspended trading in AtlasClear Holdings’ common stock over its low selling price and initiated delisting proceedings. The company intends to appeal and pursue a reverse stock split; OTC quotations are expected under ATCH.
1. Trading suspended
AtlasClear Holdings said NYSE American immediately suspended trading in its common stock over its low selling price and initiated delisting proceedings. The company intends to appeal and pursue a reverse stock split to support continued listing; its common stock remains listed during the appeal, but trading is suspended, and OTC quotations are expected under ATCH.
2. Operations continue
AtlasClearing’s clearing operations continue normally, and the company said it meets regulatory net capital requirements.
