Express Delisted From NYSE, Will Trade on OTC Pink Open Market

Dow Jones03-07

Express shares were suspended from the New York Stock Exchange and will trade on the OTC Pink Open Market.

The NYSE said Wednesday it would seek to delist Express as it didn't comply with a requirement to maintain an average global market capitalization of at least $15 million over 30 consecutive trading days. While the NYSE said the retailer had a right to an appeal, an Express press release and securities filing didn't indicate plans for an appeal.

"Over the past several months, we have taken decisive steps to position Express for the long term, including implementing a series of cost-saving initiatives and streamlining our process to enhance operational efficiency," the company said.

Prior to a trading halt, Express shares were at $2.26 after hours, after rising six cents to $2.29 in the regular session.

The Wall Street Journal reported in February the company was preparing for a debt restructuring that could include filing for bankruptcy.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2417224462?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-07 09:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2417224462","market":"us","top_or_hot":-1,"title":"Express Delisted From NYSE, Will Trade on OTC Pink Open Market","media":"Dow Jones","content":"<html><head></head><body><p>Express shares were suspended from the New York Stock Exchange and will trade on the OTC Pink Open Market.</p><p>The NYSE said Wednesday it would seek to delist Express as it didn&#39;t comply with a requirement to maintain an average global market capitalization of at least $15 million over 30 consecutive trading days. While the NYSE said the retailer had a right to an appeal, an Express press release and securities filing didn&#39;t indicate plans for an appeal.</p><p>&#34;Over the past several months, we have taken decisive steps to position Express for the long term, including implementing a series of cost-saving initiatives and streamlining our process to enhance operational efficiency,&#34; the company said.</p><p>Prior to a trading halt, Express shares were at $2.26 after hours, after rising six cents to $2.29 in the regular session.</p><p>The Wall Street Journal reported in February the company was preparing for a debt restructuring that could include filing for bankruptcy.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Express Delisted From NYSE, Will Trade on OTC Pink Open Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExpress Delisted From NYSE, Will Trade on OTC Pink Open Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-07 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Express shares were suspended from the New York Stock Exchange and will trade on the OTC Pink Open Market.The NYSE said Wednesday it would seek to delist Express as it didn't comply with a requirement...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4547","symbol_name":"WSB热门概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2417224462","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417224462","pubTimestamp":1709776200,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Express shares were suspended from the New York Stock Exchange and will trade on the OTC Pink Open Market.The NYSE said Wednesday it would seek to delist Express as it didn't comply with a requirement to maintain an average global market capitalization of at least $15 million over 30 consecutive trading days. While the NYSE said the retailer had a right to an appeal, an Express press release and securities filing didn't indicate plans for an appeal.\"Over the past several months, we have taken de","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4547":"WSB热门概念","BK4094":"服装零售","EXPR":"Express, Inc."},"translate_title":"快递从纽交所退市，将在场外粉红公开市场交易","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EXPR":0.9},"content_text":"Express shares were suspended from the New York Stock Exchange and will trade on the OTC Pink Open Market.The NYSE said Wednesday it would seek to delist Express as it didn't comply with a requirement to maintain an average global market capitalization of at least $15 million over 30 consecutive trading days. While the NYSE said the retailer had a right to an appeal, an Express press release and securities filing didn't indicate plans for an appeal.\"Over the past several months, we have taken decisive steps to position Express for the long term, including implementing a series of cost-saving initiatives and streamlining our process to enhance operational efficiency,\" the company said.Prior to a trading halt, Express shares were at $2.26 after hours, after rising six cents to $2.29 in the regular session.The Wall Street Journal reported in February the company was preparing for a debt restructuring that could include filing for bankruptcy.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"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":"4.24.2","shortVersion":"4.24.2","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/2417224462"}