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Getaround announces stock trading suspension on NYSE
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Getaround announces stock trading suspension on NYSE

Listing

  • Getaround announced that the New York Stock Exchange (NYSE) has suspended trading of its common stock and started the process of delisting its stock from the NYSE. This comes in light of Getaround's failure to meet the continued listing standard of maintaining an average global market capitalization of at least USD 15 million over 30 consecutive trading days.

  • Getaround intends to appeal the decision and expects trading of its common stock to resume on the OTC Markets Group platform under its ticker symbol 'GETR' on July 10, 2024. If the appeal is successful, NYSE will resume trading Getaround's common stock. The company also plans to apply for trading on the OTCQX Best Market.

  • Analyst QuickTake: Getaround received notice from the NYSE in January 2023 , indicating that the company was not in compliance with its listing standards. This was due to its common stock averaging a closing price of less than USD 1 over a consecutive 30 trading-day period.

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