R’Shack Faces NYSE Delisting

Has 45 days to present an action plan
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Among its many woes, RadioShack now also faces delisting from the New York Stock Exchange (NYSE) in March.

New York – Among its many woes, RadioShack now also faces delisting from the New York Stock Exchange (NYSE) in March.

The chain has fallen below the exchange’s listing standards, which require an average market cap of at least $50 million over 30 consecutive trading days, and the same minimum amount in stockholder equity.

The NYSE has given the retailer 45 days to submit a business plan that demonstrates its ability to regain compliance within 18 months. Its common stock can continue to trade during the interim.

More pressing is what published reports suggest is an impending bankruptcy filing that could come as early as the first week of February.

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