News Flash

American company Delta Apparel to be delisted by NYSE Regulation

04 Jul '24

1 min read

American company Delta Apparel to be delisted by NYSE Regulation

Pic: Delta Apparel

Insights

Delta Apparel, Inc has announced that NYSE Regulation, Inc will delist its common stock from NYSE American LLC following the company's Chapter 11 bankruptcy filing on June 30, 2024.
Trading was suspended on July 1, 2024, and the company will not appeal.
The delisting is due to the stock's unsuitable for listing as per Section 1003(c)(iii) of the NYSE company.

Delta Apparel, Inc. (OTCPK: DLAPQ) (the “Company”), a leading provider of core activewear and lifestyle apparel, announced that it received notification from NYSE Regulation, Inc. (“NYSE Regulation”) that NYSE Regulation has initiated proceedings to delist the Company’s common stock from the NYSE American LLC (the “NYSE American”).

In light of the filing by the Company and its domestic direct and indirect subsidiaries on June 30, 2024 of voluntary petitions (the “Chapter 11 Cases”) under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware, NYSE Regulation determined that the Company’s common stock is no longer suitable for listing on the NYSE American and will commence delisting proceedings pursuant to Section 1003(c)(iii) of the NYSE American Company Guide.

Trading of the Company’s common stock has been suspended, effective July 1, 2024, and the Company does not intend to appeal NYSE Regulation’s determination.