EQONEX confirms receipt of Nasdaq delisting notice, suspension of trading
EQONEX Limited today confirms it received a notice from The Nasdaq Stock Market LLC that the staff of Nasdaq’s Listing Qualifications department has determined that the Company’s securities will be delisted from Nasdaq. Trading in the company’s securities will be suspended at the opening of business on November 30, 2022.
The company has requested a hearing before the Nasdaq Hearings Panel to appeal the Staff’s determination. EQONEX’s request, however, will not impact the upcoming suspension of trading in the company’s securities.
In September, EQONEX closed the EQONEX Exchange. Earlier in November, EQONEX announced that the EQONEX Group had filed a voluntary application with the High Court of the Republic of Singapore to place the Company into judicial management.
EQONEX’s Hong Kong based legal entity – Diginex Limited has been placed into creditors’ voluntary liquidation. Eqonex Capital Pte. Ltd. has also been placed into creditors’ voluntary liquidation.