LL Flooring Holdings (LL) said late Tuesday the New York Stock Exchange decided to commence the delisting process of the company's common stock and suspend trading immediately.
The exchange determined that LL Flooring is no longer suitable for listing after the company and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 in the US Bankruptcy Court for the District of Delaware, according to the company.
LL Flooring said it does not intend to appeal the exchange's determination and its shares will be listed on the over-the-counter market under the ticker symbol LLFLQ.
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