Elme Communities delisted by NYSE on abnormally low share price; OTC trading to start Oct 26 as ELMES

Elme Communities

NYSE commenced delisting proceedings and immediately suspended trading on Oct 23, 2026 under Section 802.01D citing "abnormally low selling price"; Elme will not appeal.
Common Shares anticipated to begin OTC trading Monday, October 26, 2026 under symbol "ELMES"; no assurance an active OTC market will develop.
Voluntary dissolution effective November 6, 2026; share transfer books close November 5, 2026; shares cancelled and replaced by non-transferable Liquidating Trust beneficial interests.
Liquidating Trust to hold remaining assets (primarily net cash proceeds from property sales); FTI Consulting expected to be retained as liquidating trustee.
Plan of Sale and Liquidation approved by Board July 30, 2025 and shareholders October 30, 2025; includes prior sale of 19 multifamily assets to a Cortland Partners affiliate.

Featured in Daily 8-K Digest

Selected #2 for 2026-10-26. Read digest

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.