Shapeways (NASDAQ: SHPW ) stock is taking off on Monday alongside heavy pre-market trading of the 3D printed products company's shares. That has more than 9.9 million shares of SHPW stock changing hands as of this writing.
Shapeways (NASDAQ: SHPW ) stock is falling hard on Wednesday after the 3D printed products company filed for Chapter 7 bankruptcy. According to the company's filing with the Securities and Exchange Commission (SEC), Shapeways has ceased all operations after considering all strategic alternatives.
NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Shapeways Holdings, Inc. (NASDAQ: SHPW) (“Shapeways” or the “Company”), a leader in the large and fast-growing digital manufacturing industry, today announced that it received a notice (the “Notice”) on May 22, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that it is not currently in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission (the “SEC”), as a result of the Company's failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the “Form 10-Q”) within the prescribed timeframe. The Notice has no immediate effect on the listing or trading of the Company's common stock or publicly traded warrants.