NYSE Moves to Delist Valens Warrants (VLNW) Over Abnormally Low Price
VLN sits 49% above its 52-week low of $1.1 on light trading volume (0.2× avg).
Summary
NYSE will suspend trading in Valens' warrants (VLNW) on July 24, 2026, citing abnormally low selling price. The warrants remain outstanding until September 29, 2026, but are deeply out of the money with a $11.50 exercise price vs. a $1.635 stock price.
Key Events · Legal and Risk Events · VLN
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Warrant Delisting Announced
NYSE will suspend trading in Valens' warrants (VLNW) on July 24, 2026, due to abnormally low selling price levels under Section 802.01D of the NYSE Listed Company Manual.
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Warrants Deeply Out of the Money
The warrants have an exercise price of $11.50 per ordinary share, versus a current stock price of $1.635, making them essentially worthless and unlikely to be exercised before their September 29, 2026 expiration.
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Ordinary Shares Unaffected
Trading in Valens' ordinary shares (VLN) on the NYSE will continue without interruption; the delisting applies only to the warrant ticker VLNW.
Analysis · VLN · Manufacturing
The NYSE is delisting Valens' publicly traded warrants (VLNW) because their price has fallen to abnormally low levels. The warrants, which allow holders to buy shares at $11.50 — far above the current $1.635 stock price — are deeply out of the money and essentially worthless. While the delisting itself is a procedural cleanup, it highlights the severe decline in Valens' equity value since the warrants were issued and removes a potential (if unlikely) source of future capital. The ordinary shares (VLN) continue trading normally.
At the time of this filing, VLN was trading at $1.64 on NYSE in the Manufacturing sector, with a market capitalization of approximately $177M. The 52-week trading range was $1.10 to $3.71. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.