INVACARE HOLDINGS Corp: Nasdaq/NYSE listing notice — Invacare files Chapter 11; NYSE delists stock, trading moves to OTC Pink under IVCRQ

INVACARE HOLDINGS Corp

Voluntary Chapter 11 petition filed Jan 31, 2023 in Southern District of Texas.
NYSE notified delisting on Feb 1, 2023; common stock began trading on OTC Pink (IVCRQ) Feb 2.
Obtained $70M superpriority DIP term loan and $17.4M DIP ABL revolving facility.
Bankruptcy Court granted first-day relief including authority to pay wages and vendor claims.
Company expects common stock to be deregistered under Section 12(b) after Form 25 filing.

item 1.03 item 2.03 item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

INVACARE HOLDINGS Corp entered chapter 11.

Proceeding: chapter 11

Exact text from the filing

The proceeds of all or a portion of the proposed DIP Credit Agreements may be used for, among other things, post-petition working capital for the Company and its subsidiaries, payment of costs to administer the Chapter 11 Cases

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

INVACARE HOLDINGS Corp received a nyse delisting notice notice regarding other (rules 802.01D).

Exchange: nyse
Notice: delisting notice
Rules: 802.01D

Exact text from the filing

February 1, 2023, the Company was notified by the staff of NYSE Regulation, Inc. (“NYSE Regulation”) that it had suspended trading on the New York Stock Exchange (“NYSE”) and determined to commence proceedings to delist the Company’s common shares, without par value (the “Common Shares”), from the NYSE. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company filed a voluntary petition under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texa

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Source: SEC EDGAR

accession 0000742112-23-000014

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