Scorpius Holdings Inc. (SCPX, Financial) is set to be delisted from the NYSE American following a decision by NYSE Regulation. This move comes as the stock's trading is immediately suspended, due to it no longer meeting the suitability criteria under Section 1003(f)(v) of the NYSE American Company Guide, which relates to the persistently low selling price of its shares.
The decision initiates formal delisting proceedings for Scorpius Holdings' common stock. The company retains the opportunity to appeal this determination to the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange, which could potentially influence the final outcome of this delisting process.
Following standard protocol, NYSE American will seek confirmation from the Securities and Exchange Commission to complete the delisting, contingent upon the conclusion of all necessary procedures, including any potential appeals by Scorpius Holdings. This marks a significant step in addressing the listing status of SCPX on the exchange.
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