NYSE to Suspend Trading in Silvergate Capital Corporation (SI) and Commence Delisting Proceedings

StreetInsider2023-05-11

NEW YORK--(BUSINESS WIRE)-- The New York Stock Exchange (“NYSE”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the two securities enumerated below ...

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Trading in the Company’s Securities will be suspended immediately.\n\n\n\nSymbol\n\n\n\nDescription\n\n\n\n\n\nSI\n\n\n\nClass A Common Stock, par value $0.01 per share\n\n\n\n\n\nSI PRA\n\n\n\nDepositary Shares, Each Representing a 1/40th Interest in a Share of 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A\n\n\n\n\nNYSE Regulation halted trading in the Company’s Securities on May 10, 2023 and has now determined to commence delisting proceedings with respect to the Company pursuant to Section 802.01E of the NYSE Listed Company Manual. NYSE Regulation reached this delisting determination because the Company is currently delayed in filing with the Securities and Exchange Commission (the “SEC”) its fiscal year ended December 31, 2022 Form 10-K. 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The NYSE will apply to the SEC to delist the Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20230511005721/en/\n\nCompany Contact:\nInvestor Relations:\n(858) 200-3782\n[email protected]\n\nNYSE Contact:\nNYSE Communications\n[email protected]\n\nSource: NYSE Regulation","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2334770793"}