Delta Apparel, a prominent provider of core activewear and lifestyle apparel, has received notification from NYSE Regulation, Inc. regarding the initiation of delisting proceedings for its common stock from the NYSE American LLC. This action follows the company’s voluntary filing for Chapter 11 bankruptcy protection on June 30, 2024, in the United States Bankruptcy Court for the District of Delaware.
In response to NYSE Regulation’s determination that Delta Apparel’s common stock is no longer suitable for listing, trading of the stock was suspended effective July 1, 2024. The company has chosen not to contest this decision.
Forward-Looking Statements Advisory
This announcement may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, identified by words like “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” and similar expressions, involve risks and uncertainties. Actual results may differ materially from those anticipated due to factors such as risks associated with the Chapter 11 proceedings, including court approvals and asset sale expectations, as outlined in the company’s filings with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements, as they reflect management’s current expectations which may not accurately predict future outcomes.
