Gencor Industries, Inc. Announces Transfer of Common Stock listing to the NYSE American

Rhea-AI Summary

Gencor Industries, Inc. (NASDAQ: GENC) announced its transfer of stock listing from NASDAQ to the NYSE American. Trading on NASDAQ will conclude on July 29, 2022, with the new listing effective August 1, 2022, while maintaining the ticker symbol ‘GENC’. The company specializes in manufacturing heavy machinery for highway construction and environmental control.

Positive

• Transfer to NYSE American may enhance visibility and trading volume.
• Maintaining the ticker symbol 'GENC' simplifies the transition for investors.

Negative

• Switching exchanges could imply previous listing challenges on NASDAQ.
• No substantial financial metrics were provided to assess potential impact.

ORLANDO, Fla., July 19, 2022 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company”) (NASDAQ: GENC) today announced that it is transferring the listing of its common stock, $0.10 per share par value (the “Common Stock”), to the New York Stock Exchange American (“NYSE American”) from the NASDAQ Global Market (“NASDAQ”). The Company expects that listing and trading of its Common Stock on NASDAQ will end at market close on July 29, 2022 and that trading will commence on the NYSE American at the market open on August 1, 2022 under its current ticker symbol ‘GENC’.

ABOUT GENCOR INDUSTRIES, INC.

Gencor Industries is a diversified heavy machinery manufacturer for the production of highway construction materials and environmental control machinery and equipment used in a variety of applications.

Contact: Eric Mellen, Chief Financial Officer
407-290-6000

FAQ

When will Gencor Industries start trading on the NYSE American?

Gencor Industries will commence trading on the NYSE American on August 1, 2022.

What is the ticker symbol for Gencor Industries?

The ticker symbol remains 'GENC' on both NASDAQ and NYSE American.

Why is Gencor Industries moving from NASDAQ to NYSE American?

The company aims to enhance visibility and trading volume by transitioning to NYSE American.

What is Gencor Industries known for?

Gencor Industries is a diversified manufacturer specializing in heavy machinery for highway construction and environmental control.