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  • Public Info posted an update 1 year, 5 months ago

    As of late April 2025, several companies have been delisted or have begun the delisting process from the New York Stock Exchange (NYSE) and NYSE American (formerly NYSE MKT). Here’s a breakdown:
    Companies Delisted or Facing Delisting from NYSE:
    * Allurion Technologies, Inc. (ALUR): Cited for average market capitalization and stockholders’ equity falling below $50 million.
    * American Vanguard Corporation (AVD): For failure to timely file its 10-K report.
    * Annovis Bio, Inc. (ANVS): Cited for average market capitalization and stockholders’ equity falling below $50 million.
    * Ashford Hospitality Trust, Inc. (AHT): For having an average closing price below $1.00 for a consecutive trading-day period.
    * BP Prudhoe Bay Royalty Trust (BPT): For having an average closing price below $1.00 for a consecutive trading-day period.
    * ChargePoint Holdings, Inc. (CHPT): For having an average closing price below $1.00 for a consecutive trading-day period.
    * E2open Parent Holdings, Inc. (ETWO-WT): Warrants delisted.
    * System1, Inc. (SST WS): Warrants delisted “For Cause.”
    * Wallbox N.V. (WBXWS): Warrants delisted.
    * Solo Brands, Inc. (DTC): Delisting proceedings commenced.
    Companies Delisted or Facing Delisting from NYSE American:
    * 1847 Holdings (EFSH): Delisting proceedings commenced due to non-compliance. Trading was suspended.
    * AEON Biopharma, Inc. (AEON): For equity below $2 million and years of losses.
    * AIM ImmunoTech Inc. (AIM): For equity below $4 million and then below $6 million with years of losses.
    * Amaze Holdings, Inc. (AMZE): For failure to hold an annual meeting.
    * Arena Group Holdings, Inc. (AREN): For equity falling below $2 million, $4 million, and $6 million with years of losses.
    * Birks Group Inc. (BGI): For equity below $2 million and then below $4 million with years of losses.
    * Globalstar, Inc. (GSAT): Voluntarily delisted from NYSE American to transfer to Nasdaq. Trading on Nasdaq was expected to begin around February 11, 2025.
    * Splash Beverage Group, Inc. (SBEV, SBEV-WT): Common stock and warrants facing delisting proceedings.
    NYSE Arca Delistings:
    * The RBB Fund Trust (FEGE, FEOE): Voluntarily delisted.
    Reasons for Delisting from NYSE and NYSE American:
    Similar to Nasdaq, companies on the NYSE and NYSE American can be delisted for failing to meet continued listing requirements, which include:
    * Minimum Share Price: Falling below $1.00 for a sustained period. The NYSE has stricter rules regarding companies that have performed reverse stock splits to maintain this requirement.
    * Market Capitalization: Dropping below a certain threshold.
    * Stockholders’ Equity: Falling below the required minimum.
    * Failure to File Reports: Not submitting timely financial reports to the SEC.
    * Other Compliance Issues: Violations of NYSE rules or other regulatory issues.
    * Voluntary Delisting: Companies may choose to delist for mergers, acquisitions, or strategic reasons.
    The NYSE and NYSE American also have processes for notifying companies of non-compliance and providing opportunities to regain compliance. However, recent rule changes have accelerated the delisting process in certain cases, particularly involving companies with a history of low stock prices and reverse stock splits.
    For the most current information, it’s advisable to check the “Delistings” and “Noncompliant Issuers” sections of the NYSE Regulation website. Filings with the SEC, such as Form 25, also provide official notification of delisting.

    Video courtesy of Eurex

    Video courtesy of Eurex