Tuesday, February 3, 2015

"NYSE to Suspend Trading Immediately in RadioShack Corporation and Commence Delisting Proceedings"


NEW YORK, February 2, 2015 – The New York Stock Exchange (“NYSE”) announced today that the staff of NYSE Regulation, Inc. is taking action to delist the common stock of RadioShack Corporation, Inc. (the “Company”) – ticker symbol RSH – from the NYSE. The NYSE will immediately suspend trading in the common stock.

The decision was reached in view of the fact that the Company does not intend to submit a business plan to address its noncompliance with the NYSE’s continued listing standard in Section 802.01B of the Listed Company Manual that requires maintenance of either (i) an average global market capitalization over a consecutive 30 trading day period of at least $50,000,000 or (ii) stockholders’ equity of at least $50,000,000.
RadioShack is now RSHC.

1 comment:

eah said...

If you follow the new symbol link you see an article whose title is 'Why does Amazon want RSH's stores?'.

Another bit of Americana bites the dust.