Recent Examples of delist from the Web
Nasdaq, which said the company declined to provide requested information, for some reason chose not to delist it; shorts were stuck paying fees for the entirety of the halt.
Earlier this year, when a popular cryptocurrency tracker, CoinMarketCap.com, delisted Korean exchanges from its pricing calculations, the move triggered a massive selloff and market crash.
Often, workers will contact her privately with questions about delisting, mostly asking how to do it.
The formerly armed group had been on the EU and U.S. terrorism lists before being delisted from both.
The formerly armed group had been on European Union and U.S. terrorism lists before being delisted from both.
Management of the species has been the subject of contentious debates and frequent lawsuits, resulting in a see-saw of ESA listing and delisting.
Their numbers had rebounded to about 700 by last year, prompting the U.S. Fish and Wildlife Service to delist the Yellowstone population and leave its management to the states of Montana, Idaho and Wyoming.
Long Blockchain, a former iced tea maker that announced a move into the crypto space earlier this year, was delisted from the Nasdaq stock exchange on Thursday.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'delist.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of DELIST
What It Is
Delisting refers to the removal of a security from active trading. It generally occurs when a company goes private, is bought out, declares bankruptcy or fails to meet listing requirements.
How It Works
Voluntary delisting might occur if a company is acquired or goes private. Involuntary delisting occurs when a company fails to meet the listing requirements as determined by the exchanges it trades. Listing requirements can be very complex and different types of issuers and securities may have different rules, but generally the guidelines include filing financial statements in a timely manner, a share price above a certain price, a minimum number of shareholders, a minimum market capitalization, or certain revenue, profit, cash flow and trading activity requirements.
To understand how the delisting process generally works, let's consider the stock of Company XYZ. The NASDAQ delists companies that have closing bid prices below $1.00 for 30 consecutive days or more. So if Company XYZ stock closes below $1.00 on the 31st day, the NASDAQ sends a noncompliance letter to Company XYZ informing it that its stock has to start closing above $1.00 in the next 180 days (issuers that fall out of compliance with an exchange's listing requirements are usually not delisted immediately; they are given time to resolve the situation). The exchange will then add Company XYZ to its list of noncompliant issuers.
If, after 180 days, Company XYZ stock is still trading below $1.00, NASDAQ will delist the issue. Usually an issuer has the right to appeal a delisting. This acts as a stay against the delisting in many cases. But if the issuer loses the appeal, the security is delisted. The exchange suspends trading in that security and notifies the issuer and the Securities and Exchange Commission (SEC) in writing and releases a press release.
Why It Matters
Although not all companies are delisted for negative reasons, delisting prevents exchanges from being filled with shoddy securities from issuers that may be on their last leg. By ensuring that all issuers maintain high administrative standards, exchanges are helping to reduce the systematic risk associated with the market and protect investors.
DELIST Defined for English Language Learners
Definition of delist for English Language Learners
: to remove (something) from a list
legal Definition of delist
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