(Reuters) -Green energy and technology company DeepGreenX Group withdrew its registration statement for a direct listing in the United States on Monday, as the federal government shutdown hit the 20-day mark.
In a filing with the U.S. Securities and Exchange Commission, DeepGreenX said the company had decided not to pursue the offering given processing delays and its inability to communicate with the agency’s staff during the ongoing shutdown.
The SEC is currently running only essential functions on a skeleton staff and not processing registration statements.
However, the Wall Street regulator had earlier this month eased the way for companies to proceed with initial public offerings, which has encouraged companies to press ahead with their listing plans
Half a dozen companies have tur