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Stock impact report

VIA optronics AG Announces Intention to Voluntarily Delist its ADSs from the New York Stock Exchange

VIA optronics AG American Depositary Shares, each representing one-fifth of an Ordinary Share (VIAO) 
Company Research Source: Business Wire
NUREMBERG, Germany--(BUSINESS WIRE)--VIA optronics AG (NYSE: VIAO) (“VIA” or the “Company”), a leading supplier of interactive display solutions, today announced its intention to voluntarily delist its American Depository Shares (“ADSs”) from the New York Stock Exchange (“NYSE”) and terminate its registration with the U.S. Securities and Exchange Commission (“SEC”).The Company today notified the NYSE of its intent to voluntarily delist its ADSs from the NYSE, pursuant to a resolution adopted by its Supervisory Board today.The Company believes that delisting and deregistration of the ADSs from the U.S. public markets will be more economical for the Company, taking into account the low liquidity of its ADSs and the high costs of maintaining the NYSE listing and SEC registration on an annual basis. The Company further believes that delisting and deregistration, and consequently the suspension of its SEC reporting obligations, will allow the Company to allocate resources more efficien Show less Read more
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