NYSE to Delist ESS Tech Warrants Amid Low Price Levels, Adding to Compliance Woes
GWH sits 63% above its 52-week low of $0.565.
Summary
The NYSE will delist ESS Tech's public warrants (GWH.W) and immediately suspend trading due to abnormally low price levels. This follows the NYSE's prior notice to ESS Tech on June 15th regarding its common stock (GWH) failing to meet the minimum share price requirement. While common stock trading is currently unaffected, this action, based on an 8-K filed earlier today, further highlights the company's severe financial distress and ongoing compliance challenges. The company previously disclosed substantial doubt about its ability to continue as a going concern in its Q1 2026 10-Q.
At the time of this announcement, GWH was trading at $0.92 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $26.8M. The 52-week trading range was $0.57 to $13.87. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.