Kelso Technologies (TSE:KLS) has released an update.
Kelso Technologies Inc. announced their decision to voluntarily delist their common shares from the NYSE American while maintaining their listing on the Toronto Stock Exchange. This move comes as a strategic response to non-compliance with the NYSE American’s sustained low share price listing standards and aims to reduce the financial and administrative burdens of a dual listing. Kelso has decided against a reverse stock split, which they believe would not benefit shareholders, and has no plans to seek another U.S. listing.
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