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Stock impact report

Rubicon Technologies Receives Delisting Notice from the New York Stock Exchange

Rubicon Technologies, Inc. (RBT) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology-based waste and recycling solutions, today announced that it has received a delisting notification from the New York Stock Exchange (“NYSE”) indicating that the common stock of the Company will be delisted and trading of its Class A common stock on the NYSE was suspended after market close on June 7, 2024.The Company does not believe the current market cap is reflective of the true value of the business and intends to appeal this determination by the NYSE. If the Company is successful in its appeal, NYSE will resume trading the Company’s Class A common stock.The Company’s Class A common stock will begin trading publicly on the OTC markets on June 10, 2024. This transition to the over-the-counter market will not affect the Company’s business operations or its U.S. Securities and Exchange Commission reporting obligations, and it does not conflict with or c Show less Read more
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