Li-Metal Corp (TSE:LIM) has released an update.
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Li-Metal Corp., a developer of lithium metal anode production technologies, has announced plans to delist from the Canadian Securities Exchange (CSE) due to what it perceives as the undervaluation of its shares and the negative impact this has on the company’s transactions. The decision is pending approval from both the CSE and a majority of disinterested shareholders, with the latter’s consent being sought through written consents or potentially a shareholder meeting. Delisting is aimed at reducing costs and preserving capital but may limit shareholders’ access to a regulated market and affect share liquidity and pricing.
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