The New York Stock Exchange notified Natuzzi S.p.A. on Tuesday that trading of its American Depositary Shares (ADS) was suspended and delisting proceedings would commence after the company's market capitalization fell below the $15 million threshold required under Section 802.01B of the NYSE Listed Company Manual, measured over a consecutive 30‑trading‑day period.
Natuzzi's ADS closed at $1.00 on 25 August, down $0.15 or 13.06 %. The company, founded in 1959, operates a global retail network of 552 monobrand stores as of 31 March 2026.
The delisting is involuntary and carries no cure period. The NYSE will file Form 25 with the Securities and Exchange Commission; if Natuzzi does not appeal, or an appeal is rejected, the delisting becomes effective ten days after the filing.
Following delisting, the ADS are expected to trade in the over‑the‑counter market, although Natuzzi cannot guarantee an active market. The firm may file Form 15 to deregister the ADS and suspend reporting obligations under the Securities Exchange Act of 1934 if fewer than 300 holders of record remain. Natuzzi said it will continue preparing and publishing an English version of its annual consolidated financial statements.
