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ESS Tech, Inc.Bullish
ESS Tech has been notified by the NYSE of delisting proceedings due to its failure to maintain an average global market capitalization of at least $15 million over a 30-trading-day period, resulting in an immediate suspension of trading. The company's common stock has transitioned to the over-the-counter (OTC) market under the ticker 'GWHT', and the company intends to request a review of the determination by the NYSE Board of Directors within ten business days.…more
ESS Tech, Inc.
ESS Tech has received a notice from the NYSE regarding the commencement of delisting proceedings due to its failure to meet the continued listing standard of $50 million in stockholders' equity or market capitalization. The company intends to appeal the determination to an NYSE Board committee, though there is no assurance that such an appeal will be successful.…more
ESS Tech, Inc.
ESS Tech will hold a special meeting of stockholders on October 16, 2026, to vote on a reverse stock split at a ratio between 1-for-8 and 1-for-30, along with a proportional reduction in authorized shares. The meeting will also address the approval of common stock issuance upon the exercise of warrants issued in a private placement.…more
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ESS Tech Announces $3.2M Equity and Warrant Offering
ESS Tech has entered into an agreement to sell 6.4 million shares at $0.50 per share along with concurrent warrants. This capital raise is expected to result in share dilution, which may negatively impact existing shareholders.…more