Fat Brands (FAT) : suspension of Nasdaq trading

•  FAT Brands' stock  approaches the February 4 suspension of Nasdaq trading, directly resulting from the company's voluntary Chapter 11 bankruptcy filing on January 26, 2026. The delisting notice, issued by Nasdaq on January 28, cites non-compliance due to the bankruptcy and prior failure to maintain a $1 share price for 30 consecutive days. This has heightened investor concerns over liquidity and shareholder value in the restructuring process, which aims to address over $1.3 billion in debt through asset sales and negotiations. Recent volatility, including a prior surge on speculative trading, reversed as the delisting date nears, with no new positive developments reported to counter the negative implications.

The Real Good Food Company (RGF) to delist from the Nasdaq

The Real Good Food Company, Inc. operates as a health and wellness focused frozen food company in the United States. The company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients. 

The company was formerly known as Project Clean, Inc. and changed its name to The Real Good Food Company, Inc. in October 2021. 

• Sector: Consumer Defensive
• Industry: Packaged Foods
• Full Time Employees: 130
• Founded in 2016
• Headquartered in Cherry Hill, New Jersey
• https://www.realgoodfoods.com

ticker: RGF

 

 

 

 

 

CHERRY HILL, N.J., Jan. 06, 2025 (GLOBE NEWSWIRE) -- The Real Good Food Company, Inc. (Nasdaq: RGF) (“Real Good Foods” or the “Company ”), a leading health and wellness frozen and refrigerated foods company, today announced that the Company received a notice from The Nasdaq Stock Market LLC ("Nasdaq") that it has determined to delist the Company's common stock on Nasdaq. The delisting is a result of the Company's failure to demonstrate compliance with Nasdaq Listing 5250(c)(1) for failure to file periodic financial reports. Trading in the Company's common stock on Nasdaq will be suspended on January 7, 2025. As a result of the foregoing, the Company's common stock is expected to commence trading on the Pink Open Market operated by the OTC Markets Group, Inc. (“OTC”), which is commonly referred to as the “pink sheets,” commencing on January 7, 2025. However, given the Company’s situation with regards to the lack of timely filing, trading may ultimately move to OTC’s “Expert Market,” where quotes for the Company’s common stock will no longer be available for public viewing.

McAfee (MCFE)

McAfee Corp. (Nasdaq: MCFE) went public on the NASDAQ in October 2020, raising $740 million in its IPO with a valuation of about $8.6 billion. The stock traded publicly until March 1, 2022, when McAfee was acquired by an investor group led by Advent International, including Permira, Crosspoint Capital, Canada Pension Plan Investment Board, GIC Private Limited, and Abu Dhabi Investment Authority, in a $14 billion all-cash deal at $26 per share.  

As a result of this acquisition, McAfee was taken private, and its shares were delisted from the NASDAQ, meaning MCFE is no longer publicly traded. The last recorded trade was on April 28, 2022, with a share price of $25.99 as of March 10, 2022, and a market capitalization of approximately $4.9 billion.

Wins Finance (WINS) delisted from Nasdaq

• Sector(s): Financial Services
• Industry: Asset Management
• Full Time Employees: 24
• HQ: Beijing, China
• http://www.winsholdings.com 

The origins of Wins Finance as a publicly listed company start with Sino Mercury Acquisition Corporation (SMAC), which was formed as a special-purpose acquisition company. SMAC had been established and listed on the Nasdaq in 2014. The intention of forming the shell company was to raise money and serve as a backdoor for a Chinese company in the non-traditional financial sector to become listed in the US. The founders of SMAC were Richard Xu and Brad Reifler. The sole book runner on the IPO was Cantor Fitzgerald.  SMAC's August 2014 IPO on the Nasdaq would raise $40 million.

Wins Finance was the target Chinese company acquired by SMAC in 2015 with the merged entity taking the name of Wins Finance. It would start trading on the Nasdaq in October 2015.

-=YayYo (YAYO) to delist from the Nasdaq

YayYo, Inc. Announces Intention to Voluntarily Delist Its Common Stock From the NASDAQ Capital Market Effective February 20, 2020

YayYo Common Stock Expected to be Quoted on OTCQB

BEVERLY HILLS, Calif., Feb. 10, 2020 (GLOBE NEWSWIRE) -- YayYo, Inc. (YAYO) (the “Company” or “YayYo”) today announced its intention to voluntarily delist its common stock from the NASDAQ Stock Market (“NASDAQ”) effective on February 20, 2020. The Company expects that its common stock will be approved for quotation on the OTCQB from and after that date. The Company has elected to effect the voluntary delisting of its common stock after discussions with NASDAQ’s staff and based on the determination of the Company’s board of directors that voluntarily delisting the common stock from the NASDAQ is in the best interests of the Company and its stockholders. NASDAQ has advised the Company that it believes that the Company has failed the conditions for continued listing of its common stock set forth in Listing Rule 5250(a). The voluntary delisting will permit the Company to operate its business free from restrictions imposed by NASDAQ rules and the conditions applicable to the listing of the Company’s common stock on the NASDAQ.

Voxeljet (VJET) : 4-year performance

• April 2024: the company delisted from Nasdaq and now trades OTC.

Ticker: VJET
 

  

Party City (PRTY) began trading on the NYSE on 16 April 2015

• On January 17, 2023, Party City filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court to restructure its debt (around $1.4–$1.5 billion pre-bankruptcy). This was aimed at shedding debt while continuing operations.
• The original PRTY shares were delisted in 2023 and now trade over-the-counter (OTC) under PRTYQ.

Description

Party City Holdco Inc. is a designer, manufacturer and distributor of decorated party supplies. The Company operates in two segments: Retail and Wholesale. The Company, through Retail segment, engages in the sale of merchandise through party goods stores and online through its e-commerce Websites, including www.PartyCity.com. The Company, through Wholesale segment, engages in the sale of Amscan, Designware, Anagram, Costumes USA and other party supplies. Its tableware products include plastic plates, paper plates, plastic cups and paper cups, among others. The Company's favors, stationery and other products include party favors, gift bags, gift wrap, invitations, bows and stationery. Its decorations products include latex balloons, pinatas, crepes, and flags and banners, among others. The Company's metallic balloons products include bouquets, standard 18 inch sing-a-tune, supershapes and weights. Its Costumes and Accessories products include costumes, other wearables and wigs.

Address

80 Grasslands Rd
ELMSFORD, NY 10523-1100
United States

Key stats and ratios

	Q4 (Dec '14)	2014
Net profit margin	9.82%	2.47%
Operating margin	19.67%	10.90%
EBITD margin	-	14.56%
Return on average assets	9.16%	1.67%
Return on average equity	65.06%	11.20%
Employees	7,313

CHC Group (HELI) : 1-year performance

• On 5 May 2016, CHC Helicopters filed for Chapter 11 Bankruptcy.  CHC shares dropped from US$176.10 (17th Nov 14) to US 0.45cents 17 June 2016. A Texas court allowed CHC in July 2016 to shed 65 helicopters from its financial obligations, most of the Super Pumas.  CHC reorganized in March 2017.

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Adeptus Health (ADPT) began trading on the NYSE on 25 June 2014

• In April 2017, Adeptus Health filed for bankruptcy. In October 2017 it announced its financial restructuring, which included the delisting of its Class A shares.  After bankruptcy in 2017, healthcare-focused hedge fund Deerfield Management acquired control.

Description

Adeptus Health Inc. is a holding company. The Company owns and operates First Choice Emergency Rooms, the network of independent freestanding emergency rooms in the United States. The Company focuses on providing emergency care through its freestanding emergency rooms. The Company has developed a facility design and infrastructure specifically tailored to the emergency care delivery system that combines staff, equipment and physical layout to deliver care. The Company designs, equips, staff and operate its facilities to deliver coordinated patient-focused care. As of March 31, 2014, the Company had 32 facilities. The Company’s facilities are located in the Houston, Dallas/Fort Worth, San Antonio and Austin, Texas markets, as well as in Colorado Springs and Denver, Colorado.

Address

SUITE 200, 2941 SOUTH LAKE VISTA
LEWISVILLE, TX 75067
United States 

Website 

http://www.adhc.com

Key stats and ratios

	Q1 (Mar '14)	2013
Net profit margin	-7.13%	-2.90%
Operating margin	-0.88%	0.87%
EBITD margin	-	8.77%
Return on average assets	-	-1.97%
Return on average equity	-	-3.70%
Employees	993

Tetralogic Pharmaceuticals (TLOG) began trading on the NASDAQ on 12 December 2013

• The stock reached $9.71 in 2013 and $5.19 in 2014 during its active clinical development phase.
• TetraLogic restructured its convertible senior notes and voluntarily delisted its common stock from NASDAQ, moving to the OTC market under the ticker TLOG.PK.

TetraLogic Pharmaceuticals Corporation (TetraLogic) is a clinical-stage biopharmaceutical company. The Company focuses on discovering and developing novel small molecule therapeutics that mimic Second Mitochondrial Activator of Caspases (SMAC)-mimetics, and are designed to cause or enable abnormal cells that are resistant to the body's immune system to self-destruct. Birinapant, its clinical-stage product candidate, is being tested in Phase I and Phase II oncology clinical trials for multiple solid tumors and hematological malignancies. The Company’s clinical trials of birinapant have enrolled over 275 subjects. The Company’s lead program is colorectal cancer (CRC), where it has substantially completed a Phase I/II clinical trial. TetraLogic's lead Smac mimetic drug, birinapant (formerly TL32711), is in Phase II clinical trials and is being developed for both solid tumors and hematological malignancies as a single agent and in combination with several standard-of-care cancer therapies.

Address

343 PHOENIXVILLE PIKE
MALVERN, PA 19355
United States

Website 

www.tetralogicpharma.com

Arc Logistics Partners (ARCX) : 1-month performance

• Acquired: Arc Logistics Partners was acquired by Zenith Energy U.S. Holdings Inc. in 2017.
• Delisted: Following the acquisition, the company's stock was delisted from the NYSE and is no longer publicly traded.

Qiwi (QIWI) began trading on the NASDAQ on 29 April 2013

• September 16, 2024: QIWI's American Depositary Shares (ADSs) were delisted from Nasdaq (after earlier notifications and appeals in 2023). The ADSs were admitted to trading on the Astana International Exchange (AIX) around the same time.
• The company continues as NanduQ PLC, with operations focused outside the former core Russian banking business (e.g., international payments and a subsidiary in Kazakhstan). It has faced ongoing issues related to payments from the Russian asset sale and liquidation proceedings for the old QIWI Bank. 

Description

QIWI plc. is a provider of payment services in Russia and Commonwealth of Independent States (CIS). The Company has an integrated network that enables payment services across physical, online and mobile channels. The Company has deployed over 11 million virtual wallets, over 169,000 kiosks and terminals, and enabled over 40,000 merchants to accept cash and electronic payments monthly from over 65 million consumers using the Company 's network at least once a month. The Company’s consumers can use cash, stored value and other electronic payment methods to order and pay for goods and services across physical or online environments interchangeably.

Address

Kennedy Business Centre, 2nd Floor Office 203,12-14 Kennedy Ave.
NICOSIA, 1087
Cyprus

Key stats and ratios

	Q4 (Dec '12)	2012
Net profit margin	12.70%	11.76%
Operating margin	17.86%	16.67%
EBITD margin	-	18.16%
Return on average assets	8.46%	6.16%
Return on average equity	51.82%	46.11%
Employees	1,013

Avianca (AVH) began trading on the NYSE on 6 November 2013

• On May 10, 2020, Avianca filed for Chapter 11 bankruptcy in a court in New York City, and liquidated its subsidiary Avianca Perú, becoming one of the major airlines to have filed for bankruptcy due to the COVID-19 pandemic crisis. Delisted from NYSE.

Executives and guest from Avianca, national airline of Colombia, fly in from Latin America to the NYSE to celebrate their company’s IPO, which began trading on the NYSE under the ticker symbol “AVH”. Today, the Colombian airline boasts about 140 planes, a fast-growing number of customers and flights to more than 100 cities, including Madrid and Buenos Aires.

The CEO of Avianca Fabio Villegas Ramirez ( C) celebrates their IPO at the New York Stock Exchange in New York, November 6, 2013.

Sky-mobi (MOBI) looks good today

Update 8/2016: Sky-mobi delists from NASDAQ as $49 million Cayman Islands takeover completes

• One of the first Chinese companies to float in the US, Sky-mobi (previously NASDAQ:MOBI) has been acquired by Cayman Islands-based outfits Amber Shining Investment Limited and Power Rich Limited.
• The deal paid investors a premium of 25% over Sky-mobi's closing price on 22 June 2016, valuing the outfit at $49 million.
• As for what effectively is a management buyout, Amber Shining and Power Rich are taking a $40 million loan from China Merchants Bank.
• Chinese mobile game publisher of note still listed on the NASDAQ is NetEase (NASDAQ: NTES),  with a market cap of over $28 billion.

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