GLG Life Tech (TSX:GLG) has announced its delisting from the Toronto Stock Exchange (TSX) effective September 3, 2024, due to failure to meet certain listing criteria. The company will transfer its listing to the NEX exchange on September 4, 2024. However, GLG’s shares will be immediately suspended on NEX due to a Failure-to-File Cease Trade Order (FFCTO) issued in May 2024.
GLG is working to have the FFCTO revoked and expects to provide updates on the process. If successful, NEX will conduct a reinstatement review. The company sees this transfer as an opportunity to continue improving its balance sheet, grow sales, and maintain positive cash flow while addressing regulatory challenges. GLG has made progress in reducing debt and operating costs, with recent improvements to be reflected in Q3 2024 financial statements.
GLG Life Tech (TSX:GLG) ha annunciato la sua…
