NYSE to Suspend Trading Immediately in Zhangmen Education Inc. (ZME) and Commence Delisting Proceedings
The New York Stock Exchange (NYSE, the Exchange) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the American Depositary Shares, each representing 72 Class A Ordinary Shares (the ADSs) of Zhangmen Education Inc. (the Company) ticker symbol ZME from the Exchange.
- The New York Stock Exchange (NYSE, the Exchange) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the American Depositary Shares, each representing 72 Class A Ordinary Shares (the ADSs) of Zhangmen Education Inc. (the Company) ticker symbol ZME from the Exchange.
- Trading in the Companys ADSs was suspended on the NYSE on June 2, 2022.
- The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.
- The NYSE will apply to the Securities and Exchange Commission to delist the ADSs upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staffs decision.