The Toronto-based digital car-auction platform provider said in a release it expects to delist around May 24 and the move “eliminates negative impact of having a public listing with no trading volumes.” The firm will remain a reporting issuer, which leaves the door open to return to the Toronto Stock Exchange or a U.S. one. (The Logic)

Talking point: E Automotive cited the costs of being a publicly traded company, as well as a significant drop in its institutional shareholder base as part of its reasoning. Institutional investors made up more than 90 per cent of its initial public offering in November 2021. The majority of them sold their positions before E Automotive reported its first quarter as a public company as economic and market conditions worsened. It was one of many Canadian innovation-economy firms to go public in a frenzied 2021. IPOs on the TSX have experienced a near freeze since then and shares of those that listed in 2021 have mostly performed poorly.