Sonendo Inc (SONX) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Sonendo Inc. faces a significant challenge as its common stock has been suspended from trading on the NYSE, with the threat of delisting looming overhead. The company’s failure to meet the NYSE’s listing standards due to a sub-$50 million market capitalization and stockholder equity has triggered this action. This suspension, coupled with the potential delisting, could lead to decreased liquidity, limited access to capital, and an adverse effect on the company’s stock price and corporate reputation. The move to the OTCQX market may not fully mitigate these risks, raising concerns among investors and possibly affecting the company’s operational and financial strategies.
The average SONX stock price target is $0.25, implying 150.25% upside potential.
To learn more about Sonendo Inc’s risk factors, click here.