Solo Brands, Inc., the parent company of Solo Stove and Chubbies, reported that the New York Stock Exchange has initiated delisting proceedings for the company’s stock, as its market capitalization remains below its requirements.
NYSE Rule 802.01B requires listed companies to maintain an average global market capitalization of at least $15 million over a consecutive 30 trading day period, while Solo Brand’s current market cap stands at just $9.74 million.
Trading in Solo Brand’s stock on the NYSE was suspended after the market closed on April 2. As a result, the stock is expected to begin trading on the OTCQB Venture Market under the symbol “SBDS” on April 6, 2026.
John Larson, president and chief executive officer of Solo Brands, said, “Following the notification from the NYSE, our business continues with no changes to our operations, strategic priorities, or financial position. Our strategic transformation remains on track, and we intend to continue to operate with full transparency through SEC filings, earnings calls, and ongoing investor relations outreach. We remain focused on building a lean, profit-driven organization and leveraging our innovation capabilities to strengthen our competitive position. Our balance sheet remains sound, we are in compliance with all debt covenants, and we continue to prioritize cash flow generation to reduce debt over time. Ultimately, our objective is to execute consistently, improve profitability, and position the company to return to a national exchange.”
Solo Brands has the right to appeal the delisting determination to a Committee of the Board of Directors of the NYSE, and states that it is evaluating that option.
The NYSE suspended trading of Solo Brands last April due to similar non-compliance with listing standards. In July 2025, Solo Brands implemented a 1-for-40 reverse stock split to restore compliance.
Solo Brands’ portfolio includes Solo Stove and TerraFlame, known for firepits, stoves and accessories; Chubbies and Cheekies, casual apparel and activewear brands; ISLE, maker of inflatable and hard paddle boards and accessories; and Oru Kayak, a maker of origami folding kayaks.
