Kuke

NYSE plans to delist classical music streamer Kuke, four years after the company raised $50m for its US IPO

Under NYSE regulations, a stock whose value falls below $1 per share for more than 30 trading days can be delisted

Classical music platform Kuke reveals its president stepped down in July amid legal, stock performance woes

Li Sun stepped away from the role of President on July 23, the company said in a recent statement

After raising $50m for its US IPO in 2021, Kuke gets sued by classical music group Naxos for alleged $1.8m in missed payments

Naxos says Kuke made regular payments until December 2021, and then the payments stopped