Post by
Tim2Agami on Feb 29, 2024 2:40pm
Power outage
Charge Enterprises, Inc. (Nasdaq: CRGE) ("Charge" or the "Company”), today announced that on February 20, 2024, the Company received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that trading of its common stock will be suspended as of the opening of business on February 29, 2024 (the “Delisting Letter”).
The Company anticipates that after delisting, the Company’s common stock will be quoted on the OTC Pink Market under the symbol “CRGE”.
https://stockhouse.com/news/press-releases/2024/02/22/charge-enterprises-announces-decision-of-nasdaq-hearings-panel-to-delist-common
Comment by
nkbourbaki on Feb 29, 2024 5:40pm
It's more than just delisting. Voluntary bankruptcy. They've entered a Restructuring Agreement with Arena, who will provide DIP financing and come out the other side owning the company. Plan has to be approved etc. 8K is linked below. https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001277250/000143774924005816/crge20240226_8k.htm