NYSE to commence delisting proceedings against Solo Brands

The New York Stock Exchange nnounced that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock – ticker symbol DTC – of Solo Brands (DTC) from the NYSE. Trading in the Company’s Class A common stock will be suspended immediately. “NYSE Regulation has determined that the company’s Class A common stock is no longer suitable for listing based on ‘abnormally low selling price’ levels, pursuant to Section 802.01D of the Listed Company Manual. The company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the company’s Class A common stock upon completion of all applicable procedures, including any appeal by the company of the NYSE Regulation staff’s decision,” the exchange stated.