Stock Track | Allego Stock Plunges on NYSE Delisting Announcement

Stock Track08-22

Shares of Allego (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, experienced a significant pre-market decline of 8.33% on Wednesday, August 22, 2024. This plunge followed the company's announcement of its voluntary delisting from the New York Stock Exchange (NYSE).

According to the company's press release, Allego has completed the voluntary delisting of its ordinary shares from the NYSE, following the conclusion of a previously announced tender offer by Madeleine Charging B.V., Allego's majority shareholder. The company filed Form 25 with the U.S. Securities and Exchange Commission (SEC) on August 12, 2024, relating to the delisting, with August 22, 2024, being the last trading day of Allego's shares on the NYSE.

While Allego stated that it remains focused on accelerating the transition to sustainable e-mobility in Europe, the delisting move has raised concerns among investors regarding the company's future prospects and liquidity. As a result, the stock experienced a sharp sell-off in pre-market trading, reflecting the market's reaction to the voluntary delisting announcement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1162018881?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-22 21:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1162018881","market":"us","top_or_hot":-1,"title":"Stock Track | Allego Stock Plunges on NYSE Delisting Announcement","media":"Stock Track","content":"<p>Shares of Allego (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, experienced a significant pre-market decline of 8.33% on Wednesday, August 22, 2024. This plunge followed the company's announcement of its voluntary delisting from the New York Stock Exchange (NYSE).</p>\n\n<p>According to the company's press release, Allego has completed the voluntary delisting of its ordinary shares from the NYSE, following the conclusion of a previously announced tender offer by Madeleine Charging B.V., Allego's majority shareholder. The company filed Form 25 with the U.S. Securities and Exchange Commission (SEC) on August 12, 2024, relating to the delisting, with August 22, 2024, being the last trading day of Allego's shares on the NYSE.</p>\n\n<p>While Allego stated that it remains focused on accelerating the transition to sustainable e-mobility in Europe, the delisting move has raised concerns among investors regarding the company's future prospects and liquidity. As a result, the stock experienced a sharp sell-off in pre-market trading, reflecting the market's reaction to the voluntary delisting announcement.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Allego Stock Plunges on NYSE Delisting Announcement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Allego Stock Plunges on NYSE Delisting Announcement\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-22 21:38 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Allego (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, experienced a significant pre-market decline of 8.33% on Wednesday, August 22, 2024....</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALLG","symbol_name":"Allego","start_time":0,"source_url":"","article_id":"1162018881","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162018881","pubTimestamp":1724333898,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Allego , a leading pan-European public electric vehicle fast and ultra-fast charging network, experienced a significant pre-market decline of 8.33% on Wednesday, August 22, 2024. This plunge followed the company's announcement of its voluntary delisting from the New York Stock Exchange .According to the company's press release, Allego has completed the voluntary delisting of its ordinary shares from the NYSE, following the conclusion of a previously announced tender offer by Madeleine ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ALLG":"Allego"},"translate_title":"股票轨迹Allego股价因纽约证券交易所退市公告而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALLG":1},"content_text":"Shares of Allego (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, experienced a significant pre-market decline of 8.33% on Wednesday, August 22, 2024. This plunge followed the company's announcement of its voluntary delisting from the New York Stock Exchange (NYSE).\nAccording to the company's press release, Allego has completed the voluntary delisting of its ordinary shares from the NYSE, following the conclusion of a previously announced tender offer by Madeleine Charging B.V., Allego's majority shareholder. The company filed Form 25 with the U.S. Securities and Exchange Commission (SEC) on August 12, 2024, relating to the delisting, with August 22, 2024, being the last trading day of Allego's shares on the NYSE.\nWhile Allego stated that it remains focused on accelerating the transition to sustainable e-mobility in Europe, the delisting move has raised concerns among investors regarding the company's future prospects and liquidity. As a result, the stock experienced a sharp sell-off in pre-market trading, reflecting the market's reaction to the voluntary delisting announcement.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1162018881"}