After the delisting, LBCC will remain a public company with its shares trading publicly, following all required filings and regulations:
“LBCC will remain a public company following the delisting and its shares will continue to trade publicly. … The Company will continue to maintain an independent Board of Directors with an independent Audit Committee and provide annual financial statements audited by a Public Company Accounting Oversight Board (PCAOB) auditor and unaudited interim financial reports, prepared in accordance with U.S. generally accepted accounting principles (GAAP).”
Long Blockchain hasn’t been able to keep its market value above the exchange’s $35 million minimum requirement and declined to comment.
For more information on current affairs, visit our current affairs category.