Clever Leaves Announces Voluntary Delisting and SEC Deregistration

The Clever Leaves Holdings Inc. (CLVRW) has announced it will voluntarily delist its common shares and warrants from the Nasdaq Stock Market Limited (Nasdaq) and de register its securities in order to terminate and suspend its reporting obligations under the Securities and Exchange Act of 1934, as amended (the Financial Rights Act). () How is the companys decision to stop trading of its stock markets in the US has been described as the latest step in its delisting of the stock market following the deployment of medicinal cannabis in Colombia, which is expected to be ceased until May 16, 2024. The company is to file forms with the regulators to make it easier for the firm to withdraw its shareholders from their stocks, and to close its trading rules and stop it from trading on the New York Stock Exchange (NYSE) - but it is not the only company to take it out of this financial crisis. Why is it likely to have it delisted without par value? The BBC understands what it expects and how it can be handled by its board. But what does it mean for those who are taking part in these announcements? What could be the result of an exercise price of $11.50 (almost $11.5 (1.6m) in an attempt to halt the process of dealing with certain changes to the way it moves into the market? Should it be deregistered? And why it wants it to cease trading for more than two years?

Source: markets.businessinsider.com
Published on 2024-04-27