secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2026-10-26T10:02:20+00:00
Accession:  0001104659-26-118561
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000110465926118561/0001104659-26-118561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000110465926118561/tm2628252d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-118561

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