Nasdaq Delists Robot Consulting Co., Ltd. ADSs Over Trading Concerns
3 reports, 1 independent
Updated Oct 24
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What happened
Nasdaq determined to delist the American Depository Shares of Robot Consulting Co., Ltd. The determination was based on concerns regarding historical trading activity and Nasdaq's belief that certain factors made the securities susceptible to manipulation by third parties. Robot Consulting Co., Ltd. has appealed the determination to a Hearings Pane.
From hawaiitelegraph.com
Why it matters
Nasdaq stated that the ability for third parties to manipulate a security's price indicated that the security lacked sufficient liquidity to promote fair and orderly markets. This action is consistent with the protection of investors and the public interest.
From hawaiitelegraph.com
Who's involved
- NasdaqThe American stock exchange that determined the delisting of Robot Consulting Co., Ltd.'s ADSs
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The entities involved
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Nasdaq
American fully electronic stock exchange
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