gnc stock delisted

GNC HOLDINGS, INC. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing (form 8-K) | MarketScreener MarketScreener Homepage > Equities > OTC Bulletin Board - Other OTC > GNC Holdings, Inc. GNC Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. "Stalking Bid" values company at less than outstanding debt and convertibles, meaning equity shareholders likely to … Informa Markets, a trading division of Informa PLC.

More natural products companies make the Inc. 5000 list5@5: Agriculture emits most man-made sulfur | COVID-19 not spread through packaging New York Stock Exchange officials have warned GNC it is in danger of being delisted, a move that would strike another serious financial blow to the Pittsburgh-based health and wellness retailer.The warning, dated April 22 and disclosed by the company on Tuesday, is based on two factors: GNC shares averaging below $1 at closing and its average market capitalization falling below $50 million over 30 trading days.As of April 21, GNC’s average closing share price was 56 cents and its market capitalization was $47.3 million.GNC has six months to become compliant but, in a release Tuesday, the company said, “No assurance can be given that the company will be able to regain compliance.”The company also acknowledged the serious financial implications if its shares are suspended or delisted.Should that happen, the GNC release said, “It would likely reduce the liquidity and market price of the shares; reduce the number of investors willing to hold or acquire the shares; negatively impact the company’s ability to access equity markets and obtain financing; and impair the company’s ability to attract and retain employees by means of equity compensation.”Earlier this month, GNC announced it was temporarily furloughing “a significant portion” of its employees after negotiations to refinance some $600 million in debt fell through.ACLU sues over U.S. border policy of expelling migrant childrenThis Mega Grocery Chain Is Now Open Later Than Ever What are my next options? Copyright © 2020. NYSE's Regulation staff notified GNC executives on June 25 that it would delist the shares because "GNC is no longer suitable for listing" under the Exchange's standards.The Exchange typically delists companies that have filed for bankruptcy, whether it's under Chapter 11 or Chapter 7.GNC won't appeal the decision, Chief Financial Officer Tricia Tolivar informed the Securities and Exchange Commission on Tuesday. New Hope Network is part of the Informa Markets Division of Informa PLCThis site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The New York Stock Exchange delisted the global health and wellness company a week after it filed for Chapter 11 protection in the U.S. Bankruptcy Court. I bought 163 shares of GNC at $0.58 for fun and now I can't trade on Robinhood because it's being delisted. All rights reserved.

The move won't affect GNC's operations as it proceeds with restructuring plan. Hello.

GNC filed Chapter 11 bankruptcy but continued to trade. Registered in England and Wales. Jun 24, 2020 NEW YORK, June 24, 2020 – The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of GNC Holdings, Inc. (the “Company”) — … The New York Stock Exchange has notified downtown-based GNC Holdings, Inc. (NYSE: GNC) that the company could be delisted. Show full articles without "Continue Reading" button for {0} hours. Help out a newbie with GNC stock (de-listed) Loss. GNC's stock price, which had already been hovering around the $1 mark at which the company could be delisted if the price was sustained for 30 days, has driven down further in a stock … NYSE's Regulation staff notified GNC executives on June 25 that it would delist the shares because "GNC is no longer suitable for listing" under the Exchange's standards. The New York Stock Exchange delisted the global health and wellness company a week after it filed for Chapter 11 protection in the U.S. Bankruptcy Court.

I saw an article on Robinhood that I can sell them in the market but I'm not sure what this means. Number 8860726.GNC Holdings Inc. stock closed at 55 cents per share Monday—its last day of trading on the New York Stock Exchange. "The Company expects that the trading of its common stock will transition to the OTC [over the counter] Bulletin Board or 'pink sheets' market shortly. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. The transition to over-the-counter markets will not affect the Company’s business operations or its reporting requirements under the rules of the Securities and Exchange Commission," Tolivar wrote in the SEC filing.Even if GNC had not filed Chapter 11—it intends to sell to its largest stockholder or restructure its debt—the Exchange likely would have delisted the company this week.As of April 21, GNC's 30-day average share price, 30-day average market capitalization and stockholders' equity all fell below the Exchange's standards, the Exchange https://www.newhope.com/sites/all/themes/penton_subtheme_newhope360/images/logos/footer.png New York Stock Exchange officials have warned GNC it is in danger of being delisted, a move that would strike another serious financial blow to …

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