Solo Brands, Inc., owner of the Solo Stove, Chubbies, Isle, and Oru Kayaks lifestyle brands, has formally appealed the determination of the staff of NYSE Regulation to commence proceedings to delist the company’s Class A common stock from the New York Stock Exchange (NYSE).
As previously announced, on April 22, 2025, the staff of NYSE Regulation determined that the company’s Class A common stock was no longer suitable for listing based on “abnormally low” price levels pursuant to Section 802.01D of the Listed Company Manual and immediately halted trading of the company’s Class A common stock. As a result, the Class A common stock is currently quoted on the OTC Pink Market under the symbol “DTCB”.
The company is appealing the determination of the staff of the NYSE Regulation and, if the company is successful in its appeal, the NYSE could resume trading of the Class A common stock. During the appeal period, the Class A common stock will remain listed on the NYSE, though trading on the NYSE will continue to be suspended.
“We believe that the current trading price and market capitalization of Solo Brands do not reflect the value of the company, and, as a result, we have decided to appeal the decision of the staff of NYSE Regulation,” said company Interim President and CEO John Larson. “While there can be no assurance regarding the outcome of the appeal, we remain committed to our efforts to restore compliance with NYSE listing standards as we execute our action plans, which include a reverse stock split.”
During the appeal period, the company said it intends to continue to operate in compliance with public company SEC regulations and other NYSE listing requirements.
Image courtesy Solo Brands, Inc./Oru Kayaks
