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Birmingham Post

Technology

Jon Robinson

Wejo to be delisted from Nasdaq as administration looms

Connected vehicle data company Wejo is to be delisted from the US Nasdaq after filing a notice of intention to enter administration.

Shares in the Manchester-headquartered group are expected to be suspended at the opening of business on Friday, June 9.

Since the announcement last week, Wejo's share price has collapsed from $0.22 to $0.085. They had been trading as high as $0.71 on January 27 and had been at an all-time high of $19.9 on November 18, 2021.

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