The Standard Register Co. has received written notice that trading of the Dayton-based company’s common stock on the New York Stock Exchange would be suspended before the NYSE opened Wednesday, company officials announced.
The New York Stock Exchange delisted Standard Register’s stock because the company has fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of not less than $15 million.
Standard Register announced that its common shares will be available for trading over-the-counter on the OTC Pink marketplace starting at 9:30 a.m. Wednesday under the ticker symbol SRCT.
Standard Register has informed the NYSE that it will not appeal the determination, because of the cost of the appeal and the likelihood of success, officials said.
Officials said the transition to the OTC markets does not affect Standard Register’s business operations.