New York Stock Exchange

Pier 1 Board Initiates Reverse Stock Split

At Pier 1 Imports’ 2019 annual meeting of shareholders held on June 19, shareholders authorized a reverse stock split at a ratio of 1-for-5, 1-for-10 or 1-for-20, and a reduction in the number of authorized shares of common stock by a corresponding ratio.

Pier 1 Faces Possible NYSE Delisting

Pier 1 Imports received notification from the New York Stock Exchange (NYSE) on January 11 that the company is no longer in compliance with NYSE continued listing criteria that require listed companies to maintain an average closing share price of at least $1 over a consecutive 30 trading-day period.

hhgregg Files Chapter 11, Finds Buyer

After a series of setbacks, including poor holiday sales and delisting by the New York Stock Exchange, hhgregg has filed Chapter 11 bankruptcy protection and announced that it has found a buyer for the 132-store business that would emerge from the legal process.

NYSE Delists hhgregg

Home electronics and appliance retailer hhgregg has been delisted by the New York Stock Exchange after the retailer’s average global market capitalization fell below NYSE’s minimum listing standards.

NYSE Prompts hhgregg To Explore Options

Just two weeks after the New York Stock Exchange notified the company that it was not in compliance with listing rules, hhgregg, announced that it engaged Stifel, Nicolaus & Co. and Miller Buckfire & Co., subsidiaries of Stifel Financial Corp., to pursue a range of potential strategic and financial transactions to improve liquidity and return to profitability.