T3 Motion removed from the NYSE

NYSE MKT has announced its final determination to remove the Common Stock of T3 Motion, Inc. from listing on the Exchange, and filed an application on Form 25 to strike the Securities from listing with the Securities and Exchange Commission (the “SEC”). The delisting will become effective on October 28, 2013 unless postponed by the SEC.

Pursuant to its rules, the New Tork exchange provided notice to T3 Motion, Inc. of the decision to delist the Securities and an opportunity to appeal the decision to a committee appointed by the Board of Directors of NYSE MKT.

On their website T3 Motion say they “endeavor to produce personal mobility vehicles that meet the stringent performance standards and image of the professional”.

Furthermore they say that the “challenge for the T3 Motion team was to explore the unfulfilled needs of personal and fleet transportation through the vision of professional-grade personal mobility products”. Today they face a new set of challenges following their removal from the NYSE.

More to follow.

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