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Superior Industries International, Inc. ("Superior" or the "Company") (NYSE:SUP), one of the world's leading aluminum wheel suppliers, today announced that on June 24, 2025, it received a written notice from the New York Stock Exchange (the "NYSE") that the NYSE had determined to (A) immediately suspend trading in the Company's common stock, par value $0.01 per share (the "Common Stock"), due to a determination that the Company had fallen below the NYSE's continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000 pursuant to Section 802.01B of the NYSE Listed Company Manual, and (B) commence proceedings to delist the Common Stock.
The NYSE stated that it will apply to the Securities and Exchange Commission (the "SEC") to delist the Common Stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE's delisting determination. The Company does not intend to appeal the delisting determination.
Upon suspension of the trading of the Common Stock on NYSE, the Company expects that the Common Stock will trade publicly on the Pink Open Market operated by the OTC Markets Group, Inc. (commonly referred to as the "pink sheets") under the ticker symbol "SSUP" beginning on June 25, 2025.
Posted In: SUP
