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Fisker trading suspended by NYSE
The exchange said Monday that Fisker's stock is "no longer suitable for listing" because of "abnormally low" price levels.
The exchange said Monday that Fisker’s stock is “no longer suitable for listing” because of “abnormally low” price levels. The decision comes a month after Fisker was warned by the NYSE that its stock price had spent 30 days trading below $1, putting it out of compliance with the exchange’s rules. The suspension comes just hours after Fisker announced it lost a potential deal with a large automaker, reported to be Nissan — a development that has also endangered a recently-announced attempt at securing emergency funding.
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