- Etrion (ETX) has applied to delist from the TSX and intends to delist from Nasdaq Stockholm
- The news follows the recent sale of substantially all of the company’s assets and the return of capital to shareholders on August 24, 2021
- The delisting from the TSX will become effective after the close on September 17, 2021
- The company is currently deciding between dissolving or pursuing a different business
- Etrion was a solar energy development company
- Etrion (ETX) is down by 35.29 per cent and is currently trading at $0.055 per share
Etrion (ETX) has applied to delist from the TSX and intends to delist from Nasdaq Stockholm.
The news follows the recent sale of substantially all of the company’s assets and the return of capital to shareholders on August 24, 2021.
The company views the decision as a cost-saving measure while it decides between pursuing an alternative business or an orderly dissolution of the company.
The delisting from the TSX will become effective after the close of trading on September 17, 2021.
In accordance with Swedish market practices, Etrion will submit its formal application for delisting from Nasdaq no earlier than three months after this story.
Shareholders will maintain their rights under applicable corporate law and the company’s constating documents.
Etrion was a solar energy development company.
Etrion (ETX) is down by 35.29 per cent and is currently trading at $0.055 per share as of 12:27 pm ET.