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Should I Keep Luckin Coffee?

James H. Sterling • • 5 min read
Should I Keep Luckin Coffee?

Luckin Coffee stock is a hold
And its rapid growth rate increases the likelihood that this embattled coffeeshop could transform itself into a viable business when the dust settles. However, investors may want to wait until the bankruptcy proceedings are over before taking a position.

Can Luckin Coffee recover?

On March 16, Luckin announced an agreement with key creditors to restructure 59% of its $460 million in convertible notes due 2025. These bondholders will recover roughly 91% to 96% of par value through cash, new debt, and Luckin Coffee shares.

Can I still sell Luckin Coffee stock?

As of 7/13/2020, Luckin Coffee (LK) has been delisted from the Nasdaq stock exchange. When a stock exchange delists a company, that stock stops being available to buy or sell on that exchange. As a result, Cash App Investing will no longer support any trades for the company.

James H. Sterling
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James H. Sterling

James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.