Cano Health says NYSE will begin delisting procedure for co's stock

seekingalpha
2024-02-06
  • Cano Health (NYSE:CANO) said that NYSE has notified the company that it has determined to start proceedings to delist the firm's class A common stock and also suspend trading in its stock.
  • The delisting proceeding notice comes after the firm files for bankruptcy and entered into a restructuring support agreement with lenders.
  • The firm said it does not intend to appeal the NYSE's determination and therefore expects that its stock will be delisted from the NYSE.
  • The common stock is expected to continue trading on the OTC market under the symbol "CANOQ."

More on Cano Health

  • Cano Health files for bankruptcy, enters restructuring support agreement with lenders
  • Cano Health gets non-compliance notice from NYSE
  • Seeking Alpha’s Quant Rating on Cano Health

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