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Cazoo Group (NYSE: CZOO), an online used car platform in the UK, has received a non-compliance notice from the NYSE for failing to file its Form 20-F for the fiscal year ending December 31, 2023.
The notice, dated May 16, 2024, cites the company's inability to meet the NYSE's listing standards due to the delayed filing.
Cazoo attributes the delay to strategic initiatives, a pivot to a marketplace model, and liquidity concerns that hindered the completion of its financial statements.
The NYSE will monitor the company for six months, but could initiate delisting proceedings at any time.