which went public by merging with a SPAC this year, announced in October a 1-for-20 reverse split, which buoyed its stock, but only briefly. In November, Quanergy was delisted from the New York Stock Exchange, and its shares now trade over-the-counter and recently changed hands for around 9 cents apiece. Last week, Quanergydebt-financing market for such companies remains mostly dried up“A lot of companies got public in an exuberant market window amid a strong economic backdrop.
To help get the Nasdaq-listed shares headed back in the right direction, Oatly has announced $50 million in annual cost savings, in part from layoffs, and said it plans to be profitable by the end of the fourth quarter of 2023.
Nnooooooooop
That’s what happens when you elect politicians to run business
There is a legal fraudulent activity with the reverse stock split and dilution method. It's a system that fools people. Nasdaq SecYellen
Greed sucks, huh?
How many retail investors scammed?