NYSE to Commence Delisting Proceedings Against Getaround, Inc. (GETR)
July 09 2024 - 4:26PM
Business Wire
The New York Stock Exchange (“NYSE”, the “Exchange”) announced
today that the staff of NYSE Regulation has determined to commence
proceedings to delist the common stock of Getaround, Inc. (the
“Company”) — ticker symbol GETR — from the NYSE. Trading in the
Company’s common stock will be suspended immediately.
NYSE Regulation reached its decision to delist the Company’s
common stock pursuant to Section 802.01B of the NYSE’s Listed
Company Manual because the Company had fallen below the NYSE’s
continued listing standard requiring listed companies to maintain
an average global market capitalization over a consecutive 30
trading day period of at least $15,000,000.
The Company has a right to a review of this determination by a
Committee of the Board of Directors of the Exchange. The NYSE will
apply to the Securities and Exchange Commission to delist the
common stock upon completion of all applicable procedures,
including any appeal by the Company of the NYSE Regulation staff’s
decision.
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Company Contact:
Investors: investors@getaround.com
NYSE Contact: NYSE
Communications PublicRelations-NYSE@ice.com