The New York Stock Exchange (NYSE) announced that NYSE Regulation has initiated proceedings to delist the warrants of E2open Parent Holdings, Inc., traded under the ticker symbol ETWO-WT. Trading in these warrants was suspended immediately.
The decision to delist the warrants was based on their 'abnormally low selling price' levels, as per Section 802.01D of the Listed Company Manual. This action specifically targets the warrants and does not affect the trading of E2open's Class A common stock, which continues on the NYSE.
E2open has the right to appeal this determination by a Committee of the Board of Directors of the Exchange. The NYSE will proceed with applying to the Securities and Exchange Commission for delisting upon the completion of all applicable procedures, including any potential appeal.
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