regulatory
confidence high
sentiment negative
materiality 0.90
Container Store Group, Inc.: Nasdaq/NYSE listing notice — Container Store delisted from NYSE after market cap fell below $15M; now trades OTC Pink under TCSG
Container Store Group, Inc.
- NYSE notified Container Store on Dec 9 of delisting for failing to maintain $15M average market cap over 30 days.
- Trading suspended after market close Dec 9; company decided not to appeal the NYSE determination.
- NYSE filed Form 25 on Dec 10 to delist from NYSE and SEC registration; delisting effective 10 days later.
- Common stock now trades on OTC Pink Market under symbol TCSG; no guarantee broker market will continue.
- Forward-looking statements note substantial doubt about ability to continue as going concern.