Delisting of Securities of NantHealth, Inc.; Surgalign Holdings, Inc.; Lordstown Motors Corp.; iMedia Brands, Inc.; Crescera Capital Acquisition Corp.; Better World Acquisition Corp.; Tattooed Chef, Inc.; and Alpine Summit Energy Partners, Inc. from The Nasdaq Stock Market

Rhea-AI Summary

Nasdaq Stock Market will delist multiple companies' stocks, including NantHealth, Surgalign Holdings, Lordstown Motors, iMedia Brands, Crescera Capital Acquisition, Better World Acquisition, Tattooed Chef, and Alpine Summit Energy Partners.

Positive

• The delisting of these stocks may negatively impact the stock prices of the affected companies.
• Investors holding these delisted stocks may face difficulties in trading or selling their shares.
• The delisting may be due to non-compliance with Nasdaq's listing requirements.
• The suspended securities have not traded on Nasdaq since their suspension dates.

Negative

• None.

NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of NantHealth, Inc. NantHealth, Inc.’s securities were suspended on May 24, 2023, and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Surgalign Holdings, Inc. Surgalign Holdings, Inc.’s securities were suspended on July 3, 2023, and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A common stock of Lordstown Motors Corp. Lordstown Motors Corp.’s securities were suspended on July 7, 2023, and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A common stock and senior notes of iMedia Brands, Inc. iMedia Brands, Inc.’s securities were suspended on July 10, 2023, and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, unit, and warrant of Crescera Capital Acquisition Corp. Crescera Capital Acquisition Corp.’s securities were suspended on July 11, 2023, and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A common stock, unit, and warrant of Better World Acquisition Corp. Better World Acquisition Corp.’s securities were suspended on July 11, 2023, and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A common stock of Tattooed Chef, Inc. Tattooed Chef, Inc.’s securities were suspended on July 12, 2023, and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A subordinate voting shares of Alpine Summit Energy Partners, Inc. Alpine Summit Energy Partners, Inc.’s securities were suspended on July 21, 2023, and have not traded on Nasdaq since that time.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

FAQ

Why is Nasdaq delisting these stocks?

Nasdaq may delist stocks if the companies fail to meet its listing requirements, which could include factors like minimum share price, market value, or regulatory compliance.

What could be the impact of delisting on the stock prices?

Delisting can have a negative impact on stock prices as it reduces the visibility and liquidity of the affected stocks, making it harder for investors to trade or sell their shares.

How long have these stocks been suspended from trading on Nasdaq?

The stocks of NantHealth, Surgalign Holdings, Lordstown Motors, iMedia Brands, Crescera Capital Acquisition, Better World Acquisition, Tattooed Chef, and Alpine Summit Energy Partners have been suspended since their respective suspension dates in May and July 2023.

What should investors holding these delisted stocks do?

Investors should consult with their financial advisors to evaluate their options. They may consider selling their shares in alternative trading platforms or over-the-counter markets, but liquidity and pricing may be limited.