This comes after an internal investigation at the maker of high-tech displays revealed financial anomalies over several years. The probe findings resulted in the removal of its former CEO and founder Jürgen Eichner.
VIA said in an overseas filing that the reason for the delisting was due to low liquidity and the high costs of maintaining its NYSE and Securities and Exchange Commission registration.
VIA anticipates filing for delisting on April 19, 2024, with the expected final trading day on April 29, 2024, followed by efforts to deregister its shares and suspend SEC reporting obligations, despite previous non-compliance notices from the NYSE regarding listing standards.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
