Bon-Ton will be delisted from Nasdaq as it joins different stock market

The Bon-Ton Stores will be delisted from the Nasdaq stock exchange Thursday, Nov. 9, as it begins to trade on the OTCQX Best Market, according to the company.

The York County-based department store chain will continue to file quarterly and annual reports and will still be traded under the symbol "BONT," the company announced in a news release.

Bon-Ton's stock price dropped below $1 per share for 30 consecutive business days earlier this year, according to filings with U.S. Securities and Exchange Commission.

More:FAO Schwarz opening shops within Bon-Ton stores

Nasdaq officials subsequently notified the company it would be delisted if it didn't raise its stock price above $1 per share for 30 consecutive business days, SEC filings show.