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Stock impact report

Once-Surging Crypto Stocks Face Delisting, End of Era [Bloomberg Business News]

LONG BLOCKCHAIN CORP COMMON (LBCC) 
US:NASDAQ Investor Relations: investors.longislandicedtea.com
That didn’t take, uh, long. Long Blockchain Corp. and Longfin Corp. , two firms whose shares skyrocketed last year after they rebranded as blockchain businesses, are in trouble with Nasdaq. One faces an impending removal from the stock market and the other may meet the same fate, signaling the end of a brief era when everyone from soft-drink companies to cigar makers was cashing in on investors’ mania for cryptocurrencies and their underlying technology. Long Blockchain was already facing potential delisting in December when it shifted its focus from iced tea to crypto. The company said Tuesday that it’s being suspended by Nasdaq on April 12 pursuant to a rule that gives the exchange operator the power to boot firms with histories of misconduct. Shortly before that announcement, Longfin, the fintech-turned-crypto firm that’s in trouble with U.S. regulators, said it received a Nasdaq noncompliance letter because it didn’t file it Show less Read more
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