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NYSE to Suspend Trading Immediately in Warrants of Gelesis Holdings, Inc. (GLS WS) and Commence Delisting Proceedings

PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.
January 4, 2023 GMT

NEW YORK--(BUSINESS WIRE)--Jan 4, 2023--

The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of Gelesis Holdings, Inc. (the “Company”), each whole warrant exercisable for one share of common stock — ticker symbol GLS WS — from the NYSE. Trading in the Company’s warrants will be suspended immediately. Trading in the Company’s common stock — ticker symbol GLS — will continue on the NYSE.

NYSE Regulation has determined that the Company’s warrants are no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual.

The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the warrants upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230104005950/en/

CONTACT: Company Contact:

Investors:ir@gelesis.com

Media:pr@gelesis.comNYSE Contact:

NYSE Communications

PublicRelations-NYSE@ice.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: NYSE Regulation

Copyright Business Wire 2023.

PUB: 01/04/2023 04:17 PM/DISC: 01/04/2023 04:16 PM

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