Enjoy Technology to be Delisted From Nasdaq, Shares Fall 15%

Dow Jones2022-07-08

By Stephen Nakrosis

Shares of Enjoy Technology Inc. were lower in Thursday's late session, after the company said its stock would be delisted from the Nasdaq.

Last month, The Wall Street Journal reported the retail technology company filed for bankruptcy, citing difficulties raising new capital.

In a filing with the U.S. Securities and Exchange Commission, Enjoy said trading in its shares will be suspended at the opening of business on July 11. It also said its shares are expected to begin trading over the counter on that date.

At 6:41 p.m. ET, the company's stock had fallen 15.2% to trade at 34 cents per share. The stock finished the day's regular session with a 4.3% loss, closing at 40 cents per share.

On Tuesday, the stock hit a 52-week low of 12 cents per share.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

$(END)$ Dow Jones Newswires

July 07, 2022 18:48 ET (22:48 GMT)

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Mic6226
2022-07-08
Mic6226
Good

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