NYSE to suspend trading of Paysafe warrants; shares stay on NYSE
Rhea-AI Filing Summary
Paysafe Limited reported that the NYSE plans to delist its warrants trading under PSFE.WS due to an “abnormally low selling price” under Section 802.01D. Trading in the warrants on the NYSE will be suspended immediately, and the NYSE will apply to the SEC to complete the delisting process. The warrants are set to expire on March 30, 2026.
The company stated this action does not affect its Common Shares, which will continue to trade on the NYSE under the ticker PSFE.
Positive
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Negative
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Insights
Warrants delisted for low price; common shares unaffected.
The NYSE notified Paysafe it intends to delist the PSFE.WS warrants under Section 802.01D for an “abnormally low selling price.” Trading in the warrants on the NYSE will be suspended immediately while the exchange applies to the SEC to effect the delisting.
This action pertains only to the warrants, which are scheduled to expire on March 30, 2026. The company’s Common Shares (PSFE) remain listed on the NYSE, as explicitly noted.
Actual implications depend on warrant holder decisions and any subsequent disclosures regarding the delisting process. The filing states the share listing is unchanged.
FAQ
What did the NYSE decide about Paysafe (PSFE) warrants PSFE.WS?
When will Paysafe’s warrants stop trading on the NYSE?
When do Paysafe’s warrants expire?
What is the next step in the delisting of Paysafe’s warrants?