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Vuzix Corp. a video eyewear company specializing in smart glasses, is being delisted from TSX Venture Exchange, effective Nov. 13.
The company said Monday it received the delisting notice as a result of its common stock being sold and issued at a greater than 20 percent discount to its current market price.
Vuzix said it was disappointed with the delisting but the offering was done in the best interest of the company at the time of sale. The company acknowledged it did not have the exchange’s approval when the transaction occurred.
The shares have been suspended from trading on the TSX Venture Exchange since July 31, the company said.
Vuzix shares continue to be listed under the symbol VUZI on the OTCQB marketplace.
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