The New York Stock Exchange announced it will delist Natuzzi S.p.A.’s American Depositary Shares (ADSs) after the Italian furniture company’s average global market capitalization fell below the exchange’s minimum requirement of $15 million over a consecutive 30-trading-day period.
The delisting determination was made by NYSE Regulation under Section 802.01B of the exchange’s Listed Company Manual. Trading in Natuzzi’s ADSs was suspended immediately upon the announcement, with each ADS representing five ordinary shares.
Natuzzi retains the right to appeal the decision to a committee of the NYSE’s board of directors. The exchange will file an application with the U.S. Securities and Exchange Commission to complete the delisting only after all procedural steps—including any potential appeal—are finalized.
