By Josh Beckerman
Superior Industries International said it won't appeal the New York Stock Exchange's determination to delist its shares.
The NYSE suspended the aluminum-wheel supplier's stock Tuesday. Shares are now trading over-the-counter and were down 42% Wednesday to 19 cents.
The NYSE said the company didn't maintain an average global market capitalization of at least $15 million over a consecutive 30-trading day period.
Superior said in May that it faced a short-term liquidity constraint after certain larger customers said they would resource all outstanding purchase orders to another supplier. At the time, the company said it was in talks with lenders on a recapitalization transaction designed to significantly de-lever its balance sheet.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 25, 2025 13:10 ET (17:10 GMT)
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