What are the consequences of being delisted ?
It does not make it bankrupt.
The New York Stock Exchange has notified MariaDB, the database services biz formed around a fork of MySQL, that it is not in compliance with its listing manual after the company's share price dipped below $1 over a 30-day period. While the move has no immediate impact on the company's listing, it underlines the financial …
I guess they won't be able to get money from absolutely anyone. I'd like to know what happens to the stock someone already bought when they're delisted... money-go-poof?
I didn't know MariaDB was forward facing into the Megacorp sector. I thought it was, well, not that.
The stock still exists and the company can still issue new shares, etc. Owners of shares will have trouble selling, but it is still possible.
Honestly, companies that go public via SPAC instead of IPO should be a red flag to investors. Not that members of the gullible general public are those getting rich in most IPOs either...