ESS Tech, Inc. — Form 8-K Summary
Business context and reporting period: This current report concerns a listing-status event, not quarterly or annual financial results. NYSE Regulation notified the company on October 2, 2026; the report was signed October 5, 2026.
Material event and investor implications
- The NYSE commenced delisting proceedings under Section 802.01B because ESS Tech’s average global market capitalization was below the $15 million minimum over a consecutive 30-trading-day period.
- Trading of the company’s common stock on the NYSE was suspended immediately. The NYSE stated it would apply to the SEC to delist the shares after applicable procedures are completed.
- This action is separate from an earlier delisting proceeding initiated September 24, 2026, under Section 802.02; the company remains subject to that proceeding as well.
- ESS Tech may request review by an NYSE Board committee by submitting a written request within ten business days after receiving the notice. The filing does not state whether the company has requested review.
- The company anticipates that its shares will be quoted and traded over the counter under the symbol GWHT. It cautioned that OTC trading may be less liquid, may further depress the share price, and may not have continued broker-dealer quotations or sufficient trading volume.
Financial metrics, outlook, and risks
The filing provides no revenue, profit, cash flow, margin, debt, or liquidity figures and no financial guidance. It refers to the company’s efforts and ability to regain NYSE compliance, appeal the determination, and potentially conclude a strategic transaction or business combination, but provides no specific terms, timing, or assurance of success. Key stated risks include reduced OTC liquidity, further share-price declines, and uncertainty around delisting procedures and a possible strategic transaction.
Important facts to verify
- Whether ESS Tech requests NYSE review within the applicable ten-business-day period and the outcome of any review.
- Whether and when the SEC completes the delisting process, including the separate proceeding under Section 802.02.
- Whether OTC quotations and trading under GWHT begin and remain available, and the resulting liquidity and trading volume.
- Any subsequent company disclosures on NYSE compliance efforts or a strategic transaction or business combination.