BBBY - Bed Bath & Beyond stock to be delisted from Nasdaq following bankruptcy filing

April, 25 2023 05:31 PM Bed Bath & Beyond Inc.

2023-04-25 17:31:14 ET

Bed Bath & Beyond ( NASDAQ: BBBY ) on Tuesday said it had been notified that its stock would be delisted from the Nasdaq in the wake of its bankruptcy filing.
Shares of the beleaguered retailer slid ~35% to $0.13 after hours.
The long-struggling company filed for Chapter 11 protection on Sunday and said that while its 480 combined stores would remain open for the time being, there was a plan in place to liquidate inventory and shutter all locations.
"Nasdaq informed the Company that trading in the Company's common stock would be suspended at the opening of business on May 3, 2023," BBBY said in Tuesday's statement .
Additionally, the company said its previously announced special shareholder meeting to seek approval of a reverse stock split was now cancelled. The meeting had been scheduled for May 9.
BBBY said it was withdrawing from consideration all proposals set forth in its April 5 regulatory filing.

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