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Stock impact report

NYSE American to Commence Delisting Proceedings Against Delta Apparel, Inc. (DLA) [Yahoo! Finance]

Delta Apparel, Inc. (DLA) 
Company Research Source: Yahoo! Finance
has determined to commence proceedings to delist the common stock of Delta Apparel, Inc. (the "Company") — ticker symbol DLA — from NYSE American. Trading in the Company's common stock will be suspended immediately. NYSE Regulation has determined that the Company is no longer suitable for listing and will commence delisting proceedings pursuant to Section 1003(c)(iii) of the NYSE American Company Guide in light of the Form 8-K disclosure on July 1, 2024 that the Company and its domestic direct and indirect subsidiaries filed on June 30, 2024 voluntary petitions (the "Chapter 11 Cases") under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. In reaching its delisting determination, NYSE Regulation notes the Company's disclosure regarding the expectation that holders of shares of the Company's common stock will experience a complete or significant loss on their investment, depending on the outcome of the Chapter 11 Case Show less Read more
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