Delta Apparel Reports Delisting From NYSE American, Effective July 1, 2024; Company Intends Not To Appeal NYSE Regulation's Determination
Portfolio Pulse from Benzinga Newsdesk
Delta Apparel has announced that it will be delisted from the NYSE American, effective July 1, 2024. The company has decided not to appeal the NYSE Regulation's determination.
July 02, 2024 | 8:04 pm
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Delta Apparel will be delisted from the NYSE American on July 1, 2024, and the company has chosen not to appeal the decision. This could lead to decreased liquidity and investor confidence in the short term.
The delisting from a major exchange like NYSE American typically results in reduced liquidity and can negatively impact investor confidence. The decision not to appeal suggests the company is accepting the delisting, which may further concern investors.
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