Will BBBY stock be delisted?

The retailer stated that it would not contest a likely decision by Nasdaq to delist its shares. BBBY stock could continue to trade for some time on an over-the-counter exchange. Bed, Bath & Beyond (NASDAQ: BBBY) declared bankruptcy this weekend, and BBBY stock appears poised to be delisted from the Nasdaq exchange.

Will Bed Bath & Beyond (BBBY) be delisted on May 3?

Bed Bath & Beyond ( BBBY) will be delisted on May 3. Management will remain in place in the liquidation. You can speculate on who might pick up the chain’s $6 billion in sales. Bed Bath & Beyond (NASDAQ: BBBY) stock is due for delisting on May 3. The meeting to approve a reverse stock split on May 9 was canceled.

Will BBBY get a delisting notice?

However, the retailer obtained a $240 million loan that will allow it to continue operating for the time being. In a Securities and Exchange Commission (SEC) filing, BBBY stated that it expects to receive a delisting notice from the Nasdaq exchange. The company stated that if it does receive such a notice it will not appeal the ruling.

What happened to BBBY?

BBBY gave what now seem to be preliminary results to traders and the press on Jan. 10. They showed a loss of $393 million, or $4.33 per share, on revenue of $1.26 billion. On Stocktwits, opinions were sharply divided.