The New York Stock Exchange said Monday it will immediately suspend trading shares of EV startup Fisker and is moving to take the company off of its stock exchange.
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 caps a tumultuous day for Fisker, which saw shares fall more than 28% before trading was halted.
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.
Controversial eyeball scanning startup Worldcoin has failed to get an injunction against a temporary suspension ordered Wednesday by Spain’s data protection authority, the AEPD.
Today a Madrid-based High Court declined to grant an injunction against the AEPD’s order, saying that the “safeguarding of public interest” must be prioritized.
However the court found the AEPD’s suspension order to be justified on account of the risks around biometric data and how many individuals are being put at risk by Worldcoin’s processing, including children.
Again, the Court was unimpressed, dismissing what it described as “unsubstantiated assertions” and pointing out the AEPD’s suspension is time-limited; only applies in Spain; and is compensable (i.e.
Reached for comment on the dismissal of its appeal for an injunction, Tools for Humanity’s spokeswoman, Rebecca Hahn, emailed a statement she said is attributable to Worldcoin:
