Kelso Technologies (TSE:KLS) has released an update.
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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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