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.
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