Steel Partners Shares Fall After Voluntary Delisting

Dow Jones

11 Apr

By Kelly Cloonan

Shares of Steel Partners Holdings fell after the company voluntarily delisted from the New York Stock Exchange.

The stock fell 17% to $30.50 on Friday, bringing its 12-month slide to about 20%.

The New York diversified holding company on Thursday said it gave formal notice to the NYSE of its intent to voluntarily delist its common units and 6.0% Series A preferred units.

It plans on filing to deregister with the Securities and Exchange Commission on or about April 21, and expects its last day of trading on the NYSE will be May 1.

The company also said it filed an application for its Common and Series A Units to be quoted on the OTCQX platform.

It expects to begin trading on the platform on or about May 2.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 11, 2025 11:12 ET (15:12 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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