Revlon Inc (NYSE:REV) shares fell by 5.34% to $3.90 Thursday. The company during Thursday's after-hours session announced the NYSE Regulatory Oversight Committee's Committee for Review rejected Revlon's appeal and affirmed the New York Stock Exchange Staff's decision to delist the Company's Class A common stock following the June 15, 2022 Chapter 11 filing by Revlon.
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Revlon says the company expects the NYSE Staff to make an application to the Securities and Exchange Commission ("SEC") to delist the Company's Class A common stock in the near future.
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Revlon added that, in the meantime, the NYSE had suspended trading in Revlon's Class A common stock. Revlon says the Company's Class A common stock is expected to trade on the OTC marketplace/pink sheets following the delisting.
According to data from Benzinga Pro, Revlon has a 52-week high of $17.65 and a 52-week low of $1.05.