Apr 11, 2018
Shares of the beverage manufacturer that pivoted to cryptocurrency will no longer trade on the Nasdaq, beginning Thursday.
Long Blockchain is appealing a delisting decision from Nasdaq which, according to a letter, believes the publicly-traded company misled its investors.
Long Blockchain, which made headlines last year when its stock surged following a blockchain pivot, has been subpoenaed by the SEC in the U.S.
Long Blockchain announced it would appeal a notice by Nasdaq informing it that its stock was at risk of being delisted.
The former beverage company is buying $4.2 million of AntMiner gear and setting up a mining facility in a Nordic country, according to an SEC filing.