NYSE Initiates Delisting Process for ESS Tech Due to Market Cap Violation

The New York Stock Exchange has begun proceedings to delist ESS Tech, Inc. (GWH) common stock, citing the company's failure to maintain the required average global market capitalization of $15 million over 30 trading days. Trading has been immediately suspended. This action impacts the company's public market presence and investor access, though ESS Tech retains the right to appeal the determination.