MENU
SEARCHA recent receivership ruling and falling stock value cause Vicinity to be removed from the Nasdaq.
Vicinity Motor Corp. will be delisted from the Nasdaq on October 31
Photo: Vicinity/METRO
Vicinity Motor Corp (Vicinity) announced that it has received a letter from the Nasdaq Listing Qualifications Department notifying the Company of its failure to meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
The letter stated that as of October 21, 2024, the Company’s stock had not regained compliance as its shares continued to trade below $1.
Additionally, Vicinity received a separate delisting determination based on its recent entry into receivership pursuant to the Order of the Supreme Court of British Columbia. In light of the receivership filing, Nasdaq has determined that delisting is also warranted under Listing Rules 5101, 5110(b), and IM-5101-1.
Vicinity will not appeal the decision, and trading of its common shares will be suspended at the opening of business on October 31, 2024, with a Form 25-NSE filed with the Securities Exchange Commission, removing Vicinity Motor Corp. from the Nasdaq Capital Market.
He succeeds the company founder, Dale Carson, who remains chairman of the board.
Read More →
The five-mile Rapid A-Line connects Downtown Atlanta to Capitol Gateway, Summerhill, Peoplestown, and the Beltline’s Southside Trail.
Read More →
The configuration uses Ster Seating's Gemini seat platform to create a family-friendly floor layout specifically engineered to accommodate parents traveling with young children.
Read More →
The Renton Transit Center project will relocate and rebuild the Renton Transit Center to better serve the regional Stride S1 line, local King County Metro services, and the future RapidRide I Line.
Read More →
In this edition, we cover recent appointments and announcements at HDR, NCTD, STV, and more, showcasing the individuals helping to shape the future of transportation.
Read More →
The region’s fixed-route system finished out the year with a total of 373.5 million rides. Adding 12.3 million rides over 2024 represents an increase that is equal to the annual transit ridership of Kansas City.
Read More →
Rolling out in electric yellow and seafoam blue, the first battery-electric buses purchased from GILLIG will begin serving riders in south King County on February 2.
Read More →
The agency ranked top five among mid-sized U.S. transit systems, defined as agencies with 15 million to 50 million annual trips.
Read More →
The subway system saw increases across all key metrics, with 62% of subway riders reporting they feel satisfied with the system overall.
Read More →
The agreement provides competitive wages and reflects strong labor-management collaboration, positive working relationships, and a shared commitment to building a world-class transit system for the community, said RTA CEO Lona Edwards Hankins.
Read More →
