TechCreate Group to appeal NYSE delisting decision
- TechCreate Group Ltd plans to appeal the NYSE American Panel's decision to delist its Class A ordinary shares.
- The Panel affirmed delisting proceedings on August 20, 2026, following an SEC trading suspension on February 2, 2026.
- The SEC suspended trading due to potential manipulation; neither regulator attributed responsibility to TechCreate.
- Shares remain suspended on NYSE American but trade OTC under symbol TCGLF.
- The company states operations and financial position are unaffected by the proceedings.
*this image is generated using AI for illustrative purposes only.
TechCreate Group Ltd intends to request that the NYSE Committee for Review examine the decision by the NYSE American LLC Listing Qualifications Panel to commence delisting proceedings for its Class A ordinary shares.
The Panel affirmed the NYSE American Staff determination in a written decision dated August 20, 2026. Under the NYSE American Company Guide, TechCreate may submit a written request for review within 15 calendar days of the Panel’s decision, or on or before September 4, 2026. The company stated it will submit the request within this period and continue to pursue its appeal.
Regulatory Background
The delisting proceedings follow a one-day trading suspension of TechCreate’s shares ordered by the U.S. Securities and Exchange Commission and effective on February 2, 2026. The SEC cited potential manipulation of the company’s shares as the basis for the suspension.
On June 12, 2026, TechCreate received notice that the NYSE American Staff had determined to commence delisting proceedings. The exchange cited Sections 1001, 1002(e), and 1003 of the NYSE American Company Guide, concluding that the shares were "not suitable" for continued listing.
Company Position
Neither the SEC nor NYSE American has made any finding attributing responsibility for the alleged manipulation to TechCreate. The company stated that neither it nor its corporate insiders were involved in the alleged manipulation activity or had knowledge of the persons or entities that engaged in the trading. TechCreate noted that it has cooperated with every regulator that has inquired about the trading.
Trading in TechCreate’s Class A ordinary shares remains suspended on NYSE American. The shares are currently quoted in the over-the-counter market under the symbol TCGLF.
Operational Status
TechCreate continues to conduct business in the ordinary course. The company stated that the delisting proceedings do not affect its operations, customer relationships, or financial position. There can be no assurance that the Committee for Review will reverse the Panel’s decision.
TechCreate Group Ltd is a Singapore-based payment software solutions provider founded in 2015. The company delivers digital payment and infrastructure solutions to financial institutions, telecommunications companies, deposit insurers, and enterprises. Its offerings include real-time payment systems, digital banking platforms, API management, cybersecurity, and cloud computing.
How might a prolonged stay in the over-the-counter market impact TechCreate's ability to raise capital or attract institutional investors?
What are the potential implications for TechCreate's enterprise clients if the company faces continued regulatory scrutiny or delisting from a major exchange?
Could the outcome of this appeal set a precedent for how NYSE American handles cases where alleged market manipulation is attributed to third parties rather than the listed company?
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