EXPRESS, INC.: Nasdaq/NYSE listing notice — NYSE to delist Express (EXPR) for market cap below $15M; stock moves to OTC Pink

EXPRESS, INC.

NYSE notified Express of delisting for failing to maintain $15M average global market cap over 30 trading days.
Trading on NYSE suspended after market close March 6, 2024; stock now trades on OTC Pink under symbol EXPR.
Delisting effective 10 days after NYSE files Form 25; deregistration under Section 12(b) occurs 90 days later.
OTC Pink trading may reduce liquidity and share price; company says no effect on operations or debt agreements.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

EXPRESS, INC. received a nyse delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

March 6, 2024, the New York Stock Exchange (the “NYSE”) notified Express, Inc. (the “Company”), and publicly announced, that it had determined to commence proceedings to delist the Company’s common stock, par value $0.01 per share (the “Common Stock”), as a result of the Company’s non-compliance with Rule 802.01B of the NYSE Listed Company Manual which requires listed companies to maintain an average global market capitalization of at least $15 million over a period of 30 consecutive trading days. Trading in the Common Stock on the NYSE was suspended after market close on March 6, 2024. The NY

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Source: SEC EDGAR

accession 0001193125-24-060821

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