A day after announcing its bankruptcy filing, Oklahoma City’s Chesapeake Energy received a delisting warning from being traded on the New York Stock Exchange.
The NYSE notified the company on Monday that it intended to being proceedings to delist the company’s common stock and to suspend trading following Chesapeake’s Chapter 11 bankruptcy reorganization.
The company anticipated that effective June 30, 2020 its common stock will commence trading on the OTC Pink Market under the symbol “CHKAQ.” Chesapeake issued a statement saying the transition to the over-the-counter market will not affect the company’s business operations.
Source: Chesapeake Energy