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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.


TSX:PYR - Post by User

Comment by MidtownGuyon Jul 26, 2021 2:09pm
313 Views
Post# 33605061

RE:Delisting?

RE:Delisting?

In 30 seconds you could look that up if you wanted to.

But the answer is no -- there is zero chance of being delisted. In fact, it's very hard to get dellisted. The rules are:

The share price has to be below $1 ($1... not $4, $1) for 30 consecutive days. If that happens, the company receives a warning.

Then, the company has 180 calendar days (6 months) to get their stock back up to a closing price of $1 or more for 10 consecutive trading days during this period.

Companies may then be eligible for a second 180 calendar-day period to regain compliance if they meet certain requirements, which could result in a total compliance period of up to 360 calendar days.

Source: https://finance.zacks.com/nasdaq-delisting-rules-7450.html


chickendinner wrote: To qualify to be listed on Nasdaq you have maintain a minimum $4 value, if the share price goes below $4 will the nasdaq impose penalties on Pyro and then be delisted?


 

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