An announcement from Edgio ( (EGIO) ) is now available.
Edgio, Inc. and its subsidiaries have filed for Chapter 11 bankruptcy, leading to a notification from Nasdaq that the company’s stock will be delisted due to the bankruptcy filing and non-compliance with financial reporting rules. The stock will move to the Pink Open Market, which may result in reduced liquidity and trading price. The company cautions that stock trading is now highly speculative. Additionally, Edgio entered into incentive agreements with executive officers that could lead to bonus payments if specific performance targets are met in 2025, following a potential asset acquisition by Lynrock Lake Star LLC.
Find detailed analytics on EGIO stock on TipRanks’ Stock Analysis page.
