Enlightify Inc. will be delisted from the NYSE due to non-compliance with market capitalization standards, transitioning to OTC trading.
Quiver AI Summary
Enlightify Inc. announced that it has received notification from the New York Stock Exchange (NYSE) regarding the initiation of delisting proceedings for its common stock due to non-compliance with the continued listing standard of maintaining an average global market capitalization of at least $15 million. The company has chosen not to appeal this decision and expects the NYSE to file a Form 25, resulting in delisting 10 days later. After delisting, Enlightify's stock will potentially trade on the OTC Markets under the same ticker symbol, ENFY. The company continues to operate in the agricultural sector and has recently expanded into digital asset mining. Enlightify plans to maintain SEC reporting obligations despite the change in its stock listing status.
Potential Positives
- The company will continue to maintain compliance with SEC reporting requirements, ensuring transparency and communication with investors.
- After delisting from the NYSE, the company's stock is expected to be quoted on the OTC Markets, allowing for ongoing trading of its shares.
- The press release indicates that Enlightify has diversified its business operations by investing in digital asset mining, which could potentially enhance future revenue streams.
Potential Negatives
- Enlightify Inc. is facing delisting from the New York Stock Exchange due to non-compliance with listing standards, which may negatively impact investor confidence and market perception.
- The company does not intend to appeal the NYSE's determination, indicating a lack of plans to rectify the situation or improve its market standing.
- The anticipated transition to trading on the OTC Markets may signify reduced visibility and liquidity for investors, further complicating the company’s financial health.
FAQ
Why is Enlightify Inc. being delisted from the NYSE?
Enlightify Inc. is being delisted due to non-compliance with the NYSE's market capitalization listing standards.
What is the effective date of the delisting?
The delisting will become effective 10 days after the NYSE files a Form 25 with the SEC.
Will Enlightify's stock continue trading after delisting?
Yes, the Company's common stock is expected to be quoted on the OTC Markets Group Inc. under the ticker ENFY.
What does Enlightify Inc. do?
Enlightify produces and distributes humic acid-based and other compound fertilizers through its subsidiaries.
How can I get more information about Enlightify Inc.?
For more information, you can contact Enlightify Inc. via phone at +86-29-88266383 or email at [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
XI’AN, CHINA, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Enlightify Inc. (NYSE: ENFY) (“Enlightify” or the “Company”), today announced that it has received notification from the New York Stock Exchange (“NYSE”) on October 13, 2025, that the NYSE has determined to commence proceedings to delist the Company’s common stock from the exchange.
The NYSE determined that the Company was no longer in compliance with the continued listing standard set forth in Section 802.01B of the NYSE Listed Company Manual, which requires listed companies to maintain an average global market capitalization average global market capitalization over a consecutive 30 trading day period of at least $15,000,000.
The Company does not intend to appeal the NYSE’s determination. Accordingly, the NYSE is expected to file a Form 25 with the Securities and Exchange Commission (“SEC”) to remove the Company’s common stock from listing and registration on the NYSE. The delisting will become effective 10 days after the Form 25 is filed.
Following the delisting, the Company expects that its common stock will be quoted on the OTC Markets Group Inc. under the same ticker symbol (ENFY). The Company intends to continue to file periodic reports with the SEC under the Securities Exchange Act of 1934, as amended.
For further details, please refer to the current report on Form 8-K filed with the SEC.
About Enlightify Inc.
The Company produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”), Beijing Gufeng Chemical Products Co., Ltd (“Gufeng”) and variable interest entities. In 2023, the Company started to purchase digital asset mining machines and established Antaeus Tech Inc. in the State of Delaware and mined digital assets bitcoins in the State of Texas.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the anticipated delisting from the NYSE, potential trading of the Company’s common stock on the OTC market, and the Company’s plans and expectations following such events. These statements are subject to risks and uncertainties that could cause actual results to differ materially. The Company undertakes no obligation to update any forward-looking statements except as required by law.
For more information, please contact:
Enlightify Inc.
Tel: +86-29-88266383
Email:
[email protected]
