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.
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.