Caixin News | "Global Autonomous Driving" delisted first stock market value evaporates nearly 10 billion yuan
大和797
发表于 2024-1-19 20:11:02
1268
0
0
The former first stock of "global autonomous driving" has now become the delisting first stock of "global autonomous driving".
On January 17th local time, autonomous truck giant Tucson Future announced its decision to voluntarily delist its common stock from NASDAQ and terminate its registration with the US Securities and Exchange Commission. Tucson is expected to deregister with the US Securities and Exchange Commission on January 29th, with its last trading day expected to be around February 7th.
On the day of the news release, its stock price plummeted by over 46%. As of January 17, 2024, it closed at $0.38 per share, a 99% drop from its peak stock price of $62.58 per share, and its market value evaporated by over $11.9 billion. Some netizens joked that the first person to "eat crabs" couldn't laugh until the end and felt a bit awkward.
Tucson Future stated that delisting is a decision made by the board of directors and is the best option for shareholders. Since Tucson's future IPO in 2021, the capital market has undergone significant changes, with interest rates rising and quantitative tightening. At the same time, Tucson's future valuation and liquidity will decrease, and stock price volatility will significantly increase.
Therefore, the board of directors believes that the benefits of continuing to go public are no longer present. Tucson is undergoing a transformation in the future, and the company believes that as a non listed company, it can better undergo transformation than as a listed company.
The poster news reporter learned that the decision to delist this time was not sudden. As early as a year ago, NASDAQ issued a delisting warning to Tucson Future, during which Tucson Future continuously took various measures to "cut off its arm and survive". However, now that the delisting has been firmly established.
Tucson Future, founded in 2015, took less than three years from listing to delisting. Since the fourth quarter of 2022, Tucson Future has announced multiple restructuring plans to improve its cost structure, including layoffs and asset impairment, in order to improve its financial situation.
In May and December 2023, Tucson Future conducted two rounds of layoffs, and after the layoffs, Tucson Future's global full-time employees will be approximately 700. Tucson Future stated that the remaining employees will be responsible for reducing the company's operations in the United States, including selling US assets and assisting the company in strategic transfers to the Asia Pacific region.
In June 2023, Tucson Future obtained the first batch of unmanned intelligent connected vehicle road test licenses in Pudong New Area, Shanghai, and completed the first fully unmanned test of autonomous driving heavy-duty trucks on public roads.
CandyLake.com is an information publishing platform and only provides information storage space services.
Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
You may like
- Stock Market Special Report | TSMC's Market Value Exceeds $1 Trillion, Becoming the First Chinese Concept Stock Company to Achieve a Market Value of Over $1 Trillion
- Tesla's Supercharging Stations Exceed 60000 Worldwide
- TSMC's market value exceeds $1 trillion! Annual revenue expected to increase by 30%: AI demand is crazy and just beginning
- Samsung's US factory delays receipt of ASML lithography machines
- The "Little Pony" card is unveiled globally, accelerating the globalization of card games
- Xiaoma Zhixing hits the "world's first Robotaxi stock", and the "iPhone moment" of autonomous driving is approaching
- The world's first universal autonomous driving stock! Wenyuan Zhixing listed on NASDAQ
- Nvidia's intraday market value surpasses Apple again, and the battle for the top spot in the US stock market is becoming increasingly fierce
- Vipshop's' Global Good Goods Port 'Debuts at CIIE, Gathers Global Good Goods at CIIE
- Global highlights next week: APEC leaders' meeting held, Tencent and Alibaba release financial reports
-
11월 14일, 세계예선 아시아지역 제3단계 C조 제5라운드, 중국남자축구는 바레인남자축구와 원정경기를 가졌다.축구 국가대표팀은 바레인을 1-0으로 꺾고 예선 2연승을 거두었다. 특히 이번 경기 국내 유일한 중계 ...
- 我是来围观的逊
- 25 분전
- Up
- Down
- Reply
- Favorite
-
"영비릉: 2024회계연도 영업수입 동기대비 8% 감소"영비릉은 2024회계연도 재무제보를 발표했다.2024 회계연도 매출은 149억5500만 유로로 전년 동기 대비 8% 감소했습니다.이익은 31억 500만 유로입니다.이익률은 ...
- 勇敢的树袋熊1
- 3 일전
- Up
- Down
- Reply
- Favorite
-
계면신문기자 장우발 4분기의 영업수입이 하락한후 텐센트음악은 다시 성장으로 돌아왔다. 11월 12일, 텐센트음악은 최신 재보를 발표했다.2024년 9월 30일까지 이 회사의 3분기 총수입은 70억 2천만 위안으로 전년 ...
- 勇敢的树袋熊1
- 그저께 15:27
- Up
- Down
- Reply
- Favorite
-
본사소식 (기자 원전새): 11월 14일, 다다그룹 (나스닥코드: DADA) 은 2024년 3분기 실적보고를 발표했다. 수치가 보여준데 따르면 고품질발전전략에 지속적으로 전념하고 사용자체험을 끊임없이 최적화하며 공급을 ...
- 家养宠物繁殖
- 어제 15:21
- Up
- Down
- Reply
- Favorite