1847 Holdings (EFSH) received notification from NYSE American indicating that the staff of NYSE Regulation has determined to commence proceedings to delist the common shares of 1847 Holdings from NYSE American. Trading in the Company’s common shares was suspended immediately. NYSE Regulation determined that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the common shares. The Company has a right to a review of the staff’s determination to delist the Company’s common shares by providing required notice on or before April 10, 2025. The Company anticipates that its common shares will now begin trading publicly on the OTC PINK Market under the symbol “EFSH”. This transition to the OTC Markets is not expected to affect the Company’s business operations, its relationships with partners or employees, or its current Securities and Exchange Commission reporting obligations. Shareholders do not need to take any action in connection with this transition. Once the Company’s common shares commence trading on the OTC Pink Market investors should be able to trade shares through their existing brokerage accounts. The Company expects to move forward with a planned exchange offer.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EFSH:
- NYSE American to commence delisting proceedings against 1847 Holdings
- 1847 Holdings LLC trading halted, news pending
- 1847 Holdings announces board approval of exchange offer for common stock
- 1847 Holdings explores strategic alternatives for CMD
- 1847 Holdings Expands Share Authorization and Equity Plan